A federal judge in Mexico declared the charter airline Magnicharters bankrupt on Nov. 3, opening a liquidation in which a court-appointed trustee will take over and sell its assets to pay debts estimated at about 800 million pesos, EnElAire reported. The Monterrey-based airline stopped flying in April, leaving customers with paid flights and vacation packages that were never provided.
About 150 million pesos of the debt is for travel packages sold through travel agencies that were never delivered, and the three Boeing 737-300s stored at Mexico City’s airport could be sold to raise money, La Crónica reported. For the airline’s earlier shutdown, see our Magnicharters suspension report.