Humans are comfortable with accelerations of maybe 1 m/s/s. So to accelerate comfortably to a plane-like speed of say 300 m/s, your railgun would have to be 600m long - comparable to the tallest skyscraper in the world - and likely pointing at 45 degrees up.
On the way down the vehicle would be going the same speed it went up at - so you're talking about plummeting ballistically towards the ground at 300 m/s. Even assuming you can steer perfectly, what happens if something goes wrong with the receiving railgun? You've got no way to abort and go around, and no time to do... well, anything, really.
Parachutes for vehicles the size of a passenger aeroplane are not practical. A few very small planes have emergency whole-aeroplane parachutes, but they're not to be relied upon. The German army experimented with parachuting a light buggy with two soldiers in and gave up after several failures. And even if you had a working parachute, it still requires a skilled operator and a safe landing zone - what if you hit power lines, or trees, or buildings?