Verijet Airlines files for Chapter 7 bankruptcy after CEO Richard Kane’s death, all flights canceled: What to know
Verijet, the 13th-largest private jet operator in the US, filed for Chapter 7 bankruptcy, according to Forbes. The filing comes less than a month after Richard Kane, the founder and CEO of the Florida-based charter and jet card operator, died of a heart attack.
Verijet files for Chapter 7 bankruptcy
According to Forbes, a receiver overseeing Verijet filed for Chapter 7 bankruptcy last week. As per The Street, the Florida-based airline, which amassed more than $38.7 million in liabilities, faced several lawsuits after its founder and CEO, Richard Kane, passed away in September this year.
