AviationBusiness

Verijet Chapter 7 Bankruptcy: Private Jet Operator Liquidates After CEO Death

Private jet charter operator Verijet has filed for Chapter 7 bankruptcy protection, leading to liquidation of assets. The filing comes less than a month after founder and CEO Richard Kane’s death, marking the end of the company’s ambitious vision for affordable private aviation.

Private jet charter operator Verijet has filed for Chapter 7 bankruptcy, triggering complete liquidation of the company’s assets just weeks after founder and CEO Richard Kane’s sudden death. The filing marks a dramatic collapse for what had become the 13th-largest private jet operator in the United States, ranked by charter and fractional flight hours. Unlike Chapter 11 bankruptcy that allows for reorganization, Chapter 7 bankruptcy means the company will cease operations entirely while a trustee sells its assets to pay creditors.

Verijet’s Rapid Rise and Ambitious Vision

Arts and EntertainmentBusiness

Why This 9.9% Yielding AI Utility Fund Is Dangerously Overvalued

The AI data center boom has sent utility stocks soaring, but one popular closed-end fund trading at nearly double its net asset value poses significant risks for income investors. Learn why GUT’s 9.9% yield comes with substantial overvaluation concerns.

Artificial intelligence infrastructure investments are reshaping the global economy, creating both opportunities and pitfalls for income investors. While the AI data center buildout drives unprecedented power demand, one particular utility-focused closed-end fund has become dangerously disconnected from its underlying value. The Gabelli Utility Trust (GUT) currently yields an attractive 9.9%, but our analysis reveals it’s trading at nearly double its net asset value, making this popular AI play approximately 90% overvalued.

The AI Data Center Revolution Driving Power Demand

EnergyInnovation

Extreme H Hydrogen Racing Series Launches Orange Hydrogen Future

The Extreme E electric racing series has officially transformed into Extreme H, marking a pivotal shift from battery-electric to hydrogen power. Chief Scientist Professor Carlos Duarte explains how this evolution represents a major advancement in sustainable motorsport technology. The series is now championing orange hydrogen as the next frontier in clean energy racing.

Extreme H hydrogen racing has officially launched, marking a revolutionary transformation from the battery-electric Extreme E series that began in 2021. This weekend’s transition represents more than just a power source change—it signals a fundamental evolution in sustainable motorsport strategy. I spoke exclusively with Chief Scientist Professor Carlos Duarte about why hydrogen, particularly the emerging orange hydrogen technology, represents the future of eco-conscious racing and planetary repair initiatives.

From Electric to Hydrogen: The Extreme H Evolution