Charter & Fractional
Verijet Sues Former Board Member
The company accused an initial investor and former board member of trying to bankrupt it
Cirrus SF50 Vision Jet
© Verijet

Financially beleaguered Cirrus Vision Jet operator Verijet is accusing an initial investor and former board member of trying to bankrupt the company. In a lawsuit filed last month in Florida's Dade County Circuit Court, Verijet charges that Mark Kahan, a Washington, D.C.-based attorney—and the former vice chairman, COO, and general counsel of Spirit Airlines—created “obstacles” that “diverted its path.”

They allegedly included failure to disclose pecuniary interests in half a dozen aircraft leases to Verijet, imposing predatory “take it or leave it” terms for those leases that were “dramatically skewed” and only agreed to “under extreme duress.” These actions allegedly demonstrated Kahan’s failure to fulfill his fiduciary responsibility to the company as a board member.

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