Creatd’s Flyte Positions for Strategic Expansion Following Verijet Bankruptcy

Rhea-AI Summary

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.

Positive

• 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

Negative

• 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

Forward Looking Statements

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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7eebbbdc-4af5-4f87-b2aa-d9d96fbaf61a

FAQ

What did Creatd (CRTD) announce on Oct. 14, 2025 about Flyte expansion?

Creatd said Flyte will pursue disciplined expansion into Florida, the West Coast, and New York, seeking aircraft, routes, infrastructure, and talent from Verijet's liquidation.

How does Verijet's Chapter 7 filing affect Flyte and CRTD shareholders?

The filing creates acquisition opportunities for Flyte to strengthen regional operations, which the company says could expand service across key markets.

Which Flyte business units will drive Creatd's growth after the Verijet liquidation?

Creatd identified three divisions: Flyte Luxe, Flyte Hops, and Flyte Escapes as the core growth engines.

Will Flyte acquire Verijet assets or customers immediately?

Creatd stated it is open to dialogue with Verijet stakeholders and may pursue valuable aircraft, routes, or talent as assets enter liquidation, but provided no binding deals.

What is Flyte's stated approach to avoid Verijet's failures?

CEO Jeremy Frommer emphasized a disciplined, technology-driven model focused on accountability, structured operations, and steady scaling.