While the collapse of Spirit Airlines at the start of May continues to dominate headlines as the most high-profile airline shutdown of 2026, a number of other small airlines around the world have also seen their finances fall to the point of having to file for bankruptcy and cease operations.
Mexican holiday carrier Magnicharters also filed for bankruptcy protection in Mexico City in May while British cargo airline European Cargo entered administration, which is the equivalent of bankruptcy in the United Kingdom, at the start of June.
Maeve Aerospace, a Netherlands-based hybrid-electric airplane developer that was once treated like a sustainable aviation wunderkind by investors, was declared insolvent…