- Industry Realignment: The Chapter 7 filing of Verijet underscores the volatility of the private aviation sector and creates new opportunities for disciplined operators.
- Flyte’s Advantage: Creatd’s Flyte platform is expanding intelligently across Florida, the West Coast, and New York, emphasizing sustainable, structured growth.
- Leadership Perspective: CEO Jeremy Frommer says Flyte’s approach “balances vision with financial reality, building something that lasts.”
NEW YORK, Oct. 14, 2025 (GLOBE NEWSWIRE) — Creatd, Inc. (OTC: CRTD) today announced that its lead aviation subsidiary, Flyte, is poised to expand following the recent Chapter 7 bankruptcy filing of Verijet, a Florida-based charter operator once hailed as a leader in sustainable private aviation. While Verijet’s abrupt collapse highlights the risks of overextension in a fast-evolving market, Flyte represents a disciplined and technology-driven path forward for the sector.
Flyte was designed to scale the modern charter business without sacrificing operational integrity. As Verijet’s assets enter liquidation, Creatd and Flyte see an opportunity to strategically strengthen their presence in key markets including Florida, the West Coast, and New York by integrating valuable routes, infrastructure, and talent.
“We’re not celebrating anyone’s downfall,” said Jeremy Frommer, CEO of Creatd and founder of Flyte. “But the truth is, the industry needs a reset. Flyte was built on the foundation of learning from others’ mistakes, structured operations, real accountability, and technology that actually works. We’re ready to step in where Verijet left off, with a model that can last.”
Verijet’s closure leaves behind its fleet of Cirrus Vision Jets, unused infrastructure, and a network of customers, creditors and partners seeking continuity. Flyte has expressed interest in open dialogue with these stakeholders to ensure the regional jet model continues to evolve responsibly.
“We’re not shy about absorbing pieces of this business,” Frommer added. “If there’s value, be it aircraft, routes, or talent, we’ll look at it. The plan is simple: bring the right assets under Flyte, keep the best people flying, and do it with the discipline Verijet lost along the way.”
Once the 13th-largest private jet operator in the United States, Verijet’s failure underscores a key lesson: scale without stability is unsustainable. Flyte remains focused on steady, deliberate growth across its three divisions, Flyte Luxe, Flyte Hops, and Flyte Escapes, each serving distinct segments of the modern travel market.
“There’s no room anymore for smoke and mirrors,” Frommer said. “The next generation of aviation companies, ours included, must balance vision with financial reality. We’re building something that lasts.”
For further information, contact:
Creatd, Inc.
Creatd Investor Relations
[email protected]
Forward Looking Statements
Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7eebbbdc-4af5-4f87-b2aa-d9d96fbaf61a
