Creatd’s Flyte Positions for Strategic Expansion Following Verijet Bankruptcy
Creatd (OTC: CRTD) announced that its aviation subsidiary Flyte is positioning for strategic expansion after Verijet filed Chapter 7 bankruptcy on Oct. 14, 2025. Flyte plans disciplined growth across Florida, the West Coast, and New York, targeting available routes, infrastructure, aircraft, and talent from Verijet's liquidation. CEO Jeremy Frommer emphasized a technology-driven, accountable model focused on steady scaling through Flyte Luxe, Flyte Hops, and Flyte Escapes. The company said it seeks open dialogue with Verijet stakeholders to responsibly integrate valuable assets while avoiding the overextension that preceded Verijet's collapse.
Creatd (OTC: CRTD) ha annunciato che la sua filiale aeronautica Flyte si sta posizionando per una espansione strategica dopo che Verijet ha presentato istanza di fallimento ai sensi del Chapter 7 il 14 ottobre 2025. Flyte pianifica una crescita disciplinata in Florida, sulla costa occidentale e a New York, mirata alle rotte disponibili, infrastrutture, velivoli e talenti derivanti dalla liquidazione di Verijet. Il CEO Jeremy Frommer ha sottolineato un modello guidato dalla tecnologia e responsabile, focalizzato su una crescita costante attraverso Flyte Luxe, Flyte Hops e Flyte Escapes. L'azienda ha dichiarato di cercare un dialogo aperto con gli stakeholder di Verijet per integrare in modo responsabile asset preziosi evitando l'eccessiva espansione che ha preceduto il crollo di Verijet.
Creatd (OTC: CRTD) anunció que su subsidiaria de aviación Flyte se está posicionando para una expansión estratégica tras que Verijet presentó la bancarrota bajo el Capítulo 7 el 14 de octubre de 2025. Flyte planea un crecimiento disciplinado a lo largo de Florida, la Costa Oeste y Nueva York, apuntando a rutas disponibles, infraestructura, aeronaves y talento de la liquidación de Verijet. El CEO Jeremy Frommer enfatizó un modelo impulsado por la tecnología y responsable, centrado en una escalada constante a través de Flyte Luxe, Flyte Hops y Flyte Escapes. La empresa dijo que busca un diálogo abierto con las partes interesadas de Verijet para integrar de forma responsable activos valiosos mientras evita la sobreextensión que precedió al colapso de Verijet.
Creatd (OTC: CRTD)는 항공 자회사 Flyte가 Verijet이 2025년 10월 14일에 Chapter 7 파산을 신청한 이후 전략적 확장을 위한 위치 선정에 들어갔다고 발표했다. Flyte는 Verijet의 청산에서 얻은 가용한 노선, 인프라, 항공기 및 인재를 타깃으로 플로리다주, 서해안, 뉴욕에서의 규율 있는 성장 계획을 세우고 있다. CEO 제러미 프몬은 기술 중심의 책임 있는 모델을 강조하며 Flyte Luxe, Flyte Hops, Flyte Escapes를 통한 점진적 확장에 집중한다고 밝혔다. 회사는 Verijet 이해관계자들과의 열린 대화를 모색하여 귀중한 자산을 책임감 있게 통합하되 Verijet 붕괴에 앞서 있던 과도한 확장을 피하고자 한다고 말했다.
Creatd (OTC: CRTD) a annoncé que sa filiale aéronautique Flyte se positionne pour une expansion stratégique après que Verijet a déposé le chapitre 7 de la faillite le 14 octobre 2025. Flyte prévoit une croissance disciplinée à travers la Floride, la côte ouest et New York, en ciblant les routes disponibles, les infrastructures, les aéronefs et les talents issus de la liquidation de Verijet. Le PDG Jeremy Frommer a mis l'accent sur un modèle axé sur la technologie et la responsabilité, se concentrant sur une montée en puissance progressive via Flyte Luxe, Flyte Hops et Flyte Escapes. L'entreprise a déclaré rechercher un dialogue ouvert avec les parties prenantes de Verijet pour intégrer de manière responsable les actifs précieux tout en évitant la surextension qui a précédé l'effondrement de Verijet.
Creatd (OTC: CRTD) gab bekannt, dass seine Luftfahrttochter Flyte sich auf strategische Expansion positioniert, nachdem Verijet am 14. Oktober 2025 Chapter 7 Bankrott beantragt hat. Flyte plant ein diszipliniertes Wachstum in Florida, der Westküste und New York, mit dem Ziel verfügbarer Routen, Infrastruktur, Flugzeuge und Talente aus der Verijets Liquidation. CEO Jeremy Frommer hob ein technologiegesteuertes, verantwortungsbewusstes Modell hervor, das sich auf ein stabiles Skalieren durch Flyte Luxe, Flyte Hops und Flyte Escapes konzentriert. Das Unternehmen sagte, es suche einen offenen Dialog mit Verijet-Interessengruppen, um wertvolle Vermögenswerte verantwortungsvoll zu integrieren und dabei eine Überdehnung zu vermeiden, die dem Verijet-Zusammenbruch vorausging.
Creatd (OTC: CRTD) أعلن أن شركة الطيران التابعة له Flyte تتهيأ للتوسع الاستراتيجي بعد أن قدمت Verijet طلب الإفلاس بموجب الفصل 7 في 14 أكتوبر 2025. تخطط Flyte لنمو منضبط عبر فلوريدا، والساحل الغربي، ونيويورك، مستهدفة المسارات المتاحة والبنية التحتية والطائرات والمواهب من تصفية Verijet. أكد الرئيس التنفيذي جيريمي فريمان على نموذج يعتمد على التكنولوجيا وتتحمل مسؤولية يركز على التوسع المستمر من خلال Flyte Luxe وFlyte Hops وFlyte Escapes. قالت الشركة إنها تسعى إلى حوار مفتوح مع أصحاب مصلحة Verijet لدمج الأصول القيمة بشكل مسؤول مع تجنب الإفراط في التوسع الذي سبق انهيار Verijet.
Creatd (OTC: CRTD) 宣布其航空子公司 Flyte 正在为战略扩张定位，原因是 Verijet 于 2025 年 10 月 14 日提出第7章破产申请。Flyte 计划在 佛罗里达州、西海岸和纽约 实现有节制的增长，瞄准来自 Verijet 清算的可用航线、基础设施、飞机与人才。首席执行官 Jeremy Frommer 强调以科技驱动、负责的模式，专注于通过 Flyte Luxe、Flyte Hops 和 Flyte Escapes 的稳步扩张。公司表示希望与 Verijet 的相关方保持开放对话，负责任地整合宝贵资产，同时避免 Verijet 崩溃前的过度扩张。
- Targeted market expansion across Florida, West Coast, and New York
- Asset acquisition focus on aircraft, routes, infrastructure, and talent
- Segmented growth strategy via Flyte Luxe, Flyte Hops, and Flyte Escapes
- Industry disruption following Verijet Chapter 7 bankruptcy
- Execution risk from integrating liquidated assets and stakeholders
- 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
ir@creatd.com
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FAQ
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