US President Donald Trump says he does not know who Changpeng Zhao is, despite pardoning the cryptocurrency multi-billionaire last month
Business

US President Donald Trump says he does not know who Changpeng Zhao is, despite pardoning the cryptocurrency multi-billionaire last month. Trump was asked about the pardon during an interview with CBS News' 60 Minutes programme, which was broadcast on Sunday

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Verijet Airlines files for bankruptcy after CEO’s death, cancels all flights

Posted By: Ajay Rawat Posted On: Oct 13, 2025Share Article
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, 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.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.According to the outlet, the filing was submitted in the 11th Circuit of the United States Bankruptcy Court for the Southern District of Florida. Chapter 7 bankruptcy allows businesses to liquidate assets and pay off debts.

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.

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.

According to the outlet, the filing was submitted in the 11th Circuit of the United States Bankruptcy Court for the Southern District of Florida. Chapter 7 bankruptcy allows businesses to liquidate assets and pay off debts.

Verijet's founder and CEO, Richard Kane, died on September 13. Kane's wife, Allison Kane, confirmed the news about her husband's passing via an email on September 19.

Richard Kane wanted to develop and grow a private jet service for his business in the US and Europe with the single-engine Cirrus Vision Jet, aka the SF50, at its center. Among others, Verijet has partnered with industry giants like IBM, AON, JETPUBS, and 4AIR.

Also read: Huntington Beach helicopter crash: Five injured including child in tragedy near California beach

Scandinavian airlines Play and Braathens Aviation abruptly closed operations this September as they faced high-profile bankruptcies. Ravn Alaska, Air Belgium, and SKS Airways in Malaysia also closed shop earlier this year, as per The Street.

Big guns like WizzAir and Qantas Airways also shocked travelers around the world as they closed their branches in Abu Dhabi and Singapore.

Chapter 7 bankruptcy allows businesses to liquidate assets and pay off debts.

Verijet's founder and CEO, Richard Kane, died of a heart attack on September 13.

Richard Kane, the founder and CEO of Verijet, was married to Allison Kane.

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US President Donald Trump says he does not know who Changpeng Zhao is, despite pardoning the cryptocurrency multi-billionaire last month
Business
No idea who he is

US President Donald Trump says he does not know who Changpeng Zhao is, despite pardoning the cryptocurrency multi-billionaire last month. Trump was asked about the pardon during an interview with CBS News' 60 Minutes programme, which was broadcast on Sunday

4 months ago


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