Overview
- An appointed receiver filed the Chapter 7 petition on October 9 in the U.S. Bankruptcy Court for the Southern District of Florida.
- Court documents list about $2.5 million in assets versus $38.7 million in liabilities, with much of the asset value tied to an insurance claim from a 2022 Vision Jet accident.
- The creditor roster includes 234 unsecured claims, among them 81 jet‑card customers owed a combined $10.5 million, with the largest single balance at $728,000.
- Operations have been halted, and flight activity largely stopped following founder Richard Kane’s death on September 13 at age 60.
- Verijet expanded quickly on a Cirrus Vision SF50 fleet and prepaid jet‑card model, pursued a 2023 SPAC deal that later dissolved, and then faced mounting customer and vendor lawsuits before the bankruptcy.