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flag Verijet, a top U.S. private jet operator, filed for Chapter 7 bankruptcy on Oct. 9, 2025, after its founder's death, leaving customers with $10.5 million in lost credits.

flag Verijet, the 13th-largest U.S. private jet operator, filed for Chapter 7 bankruptcy on October 9, 2025, ending all operations after the sudden death of founder Richard Kane in September. flag The company, which had $38.7 million in debts and only $2.5 million in assets, left customers with $10.5 million in lost jet card credits. flag Its fleet had shrunk to just three jets, with one not flying in months. flag The bankruptcy, triggered by financial distress and multiple lawsuits, marks the end of its expansion plans and comes amid a broader wave of airline failures in 2025.

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