Magnicharters, a Mexican budget airline that was first established in the 1990s by the Bojórquez family as an extension of their travel agency, was once a well-known name in the country’s low-cost carrier space.
The airline flew to a peak 27 destinations across Mexico, the U.S., Cuba, and the Dominican Republic. But amid the spike in jet fuel crisis that came as the result of the U.S. strike on Iran, the carrier stopped flying for a period that was initially supposed to last two weeks in April 2026.
As weeks passed without a resumption of service, Magnicharters voluntarily filed for bankruptcy protection in the First District Court for Bankruptcy Proceedings in Mexico City at the end of May. It had its air…