Verijet Receiver Files for Chapter 7 Bankruptcy in Florida
The receiver for Verijet, a private jet operator based at Vero Beach Municipal Airport, has filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Florida. The October 9 filing lists approximately USD 2.5 million in assets against USD 38.7 million in liabilities.
Verijet’s primary asset is an insurance claim against Cirrus Aircraft involving a Vision Jet G2 (N15VJ) that was heavily damaged in a 2022 crash near Indianapolis. Liabilities include 234 unsecured claims, with 81 jet card holders owed a combined USD 10.5 million — the largest individual claim totaling USD 728,000. Other creditors include aircraft lessors, MROs, FBOs, OEMs, and aviation service providers.
Founded by Richard Kane in 2020, Verijet gained its Part 135 certificate with one Cirrus Vision Jet and quickly expanded to 20 aircraft by early 2023. Kane envisioned growing the fleet to 130 aircraft, but mounting financial and legal issues slowed operations. By the end of 2023, Verijet was down to five active jets. Kane passed away in September 2025.
As of mid-2025, the operator’s Part 135 certificate covered three aircraft — one Vision Jet G2 and two G2+ models — though only one remained active, completing minimal flights throughout the year. Verijet’s collapse marks one of the most significant failures among emerging air taxi and private charter startups attempting to scale operations using very light jets.
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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com