Mexican low-cost carrier Magnicharters has filed for bankruptcy protection in Mexico City, becoming the latest budget airline to collapse following the shutdown of Spirit Airlines earlier this month.
The airline grounded all flights last month, initially claiming the suspension would last only two weeks. However, its Air Operator Certificate was temporarily revoked after it failed to meet key costs, including technical support, maintenance, spare parts, and staff training.
As of Friday, Magnicharters had not issued a public statement. Its website showed no available flights and directed customers to a helpline for inquiries, according to reports.
The bankruptcy follows the closure of Spirit Airlines, which ceased all operations on 2 May after failing to emerge from bankruptcy. Spirit's last flight departed from Detroit to Dallas. CEO Dave Davis said the airline had played a pioneering role in making travel more accessible.
Days after Spirit shut down, a lawyer for the defunct carrier apologised in court to price-conscious customers who might now struggle to find affordable flights. “We apologise most specifically to those Americans who may now be priced entirely out,” said Marshall Huebner.
