Cirrus Vision Jet fleet operator Verijet has sold a substantial stake to investment fund Solaino for $85 million. This initial capital injection positions the operator for accelerated development, market expansion and enhanced innovation while leveraging the financial acumen and global reach of Solaino to drive technological advancement.

CEO Richard Kane says: "We welcome Solaino's investment as a significant step in our growth journey. The working capital infusion will facilitate our expansion, solidify our market presence and continue our mission to push the boundaries of innovation."

"Solaino is excited to announce its partnership with Verijet, an organisation that shares our commitment to innovation and growth," says spokesperson Kyal Erikson. "Our investment reflects our belief in Verijet's potential to shape the future of transportation. Together, we aim to support its vision and provide the resources required to bring its transformative technologies to a global audience."