The receiver for Verijet (WSP, Vero Beach Municipal) filed for Chapter 7 bankruptcy in the United States Bankruptcy Court for the Southern District of Florida on October 9. According to the filing, the company holds approximately USD2.5 million in assets against USD38.7 million in liabilities.

Verijet's assets are primarily tied to an insurance claim against Cirrus Aircraft concerning a 5.2-year-old Vision Jet G2, N15VJ (msn 215), which crashed shortly after takeoff from Indianapolis Regional on November 25, 2022, sustaining substantial damage.

Liabilities include a total of 234 unsecured claims, including 81 jet card customers owed a combined USD10.5 million, the largest single balance being USD728,000.

Other creditors include aircraft lessors, maintenance, repair, and overhaul (MRO) providers, fixed-base operators (FBOs), fuel suppliers, original equipment manufacturers (OEMs), and other aviation firms.

Founded by Richard Kane, who passed away on September 13, 2025, Verijet secured Part 135 certificate #VSNA384Q on August 26, 2020, with a Vision Jet. The company's fleet grew to eight aircraft of the type by the end of 2021 and doubled again in 2022, peaking at 20 units in the first quarter of 2023.

Kane had envisioned expanding to 130 aircraft or more, but by the end of 2023 the company faced mounting legal and financial troubles, leaving a Part 135-certified fleet of just five jets by December.

As of July 2025, Verijet's Part 135 certificate included a Vision Jet G2, parked at Las Vegas North since February 2024, and two Vision Jet G2+, one of them stored at Orlando Sanford since May 2024. Only 2.5-year-old Vision Jet G2+, N35VJ (msn 416), remained active in 2025, completing just six flights since late January, including a test flight around Orlando Kissimmee on October 8 following two months of inactivity.