Another airline files for bankruptcy, cancels all flights

Core Insights - The airline industry faced significant challenges in 2025, with several airlines, including Play and Braathens Aviation, ceasing operations and stranding travelers due to bankruptcies [1] - Other airlines such as Ravn Alaska, Air Belgium, and SKS Airways also shut down earlier in the year, while larger airlines like WizzAir and Qantas Airways closed their branches in specific international locations [2] - Verijet, a charter carrier, filed for Chapter 7 bankruptcy, accumulating over $38.7 million in liabilities, primarily due to operational issues and the sudden death of its founder [3][4] Company-Specific Insights - Verijet operated short-haul flights using Cirrus SF50 Vision jets and expanded its services to international destinations in 2023, including the Bahamas and the Dominican Republic [5][6] - The airline was ranked as the 13th-largest operator of charter and fractional flights in the U.S. in 2023, with liabilities including over $10.5 million owed to jet card customers and debts to various creditors [7] - Following the founder's death, Verijet faced legal challenges, including a lawsuit from a customer over service failures, which contributed to its decision to liquidate rather than restructure [8][9]