Magnicharters, a low-cost Mexican carrier, has filed for bankruptcy protection in Mexico City, following Spirit Airlines' shutdown, as rising jet-fuel costs hit airlines worldwide

Magnicharters, a low-cost Mexican carrier, filed for bankruptcy protection earlier this week in the First District Court in Mexico City, according to The Street

Magnicharters, a low-cost Mexican carrier, has filed for bankruptcy protection in Mexico City, following Spirit Airlines' shutdown, as rising jet-fuel costs hit airlines worldwide