Delhi-based low-cost carrier SpiceJet is looking at restructuring its core leadership team as part of US investor Wilbur Ross's strategy of turning around the company.
A source said Mills was leaving the airline as he was not getting operational freedom to run the organisation.
In a move that signals a fresh round of consolidation in the recession-hit aviation industry, budget carrier SpiceJet may pick 7.5 per cent stake in another low-cost airline IndiGo.
Kalanithi Maran, the former promoter of Spicejet, has moved the Delhi High Court against the airline.
Ajay Singh would infuse Rs 1,500 cr in SpiceJet.
Likely to rake up the issue of open offer exemption.
A Delhi-bound SpiceJet plane hit a stray buffalo on the runway while rolling for take-off from Surat airport late Thursday night, providing anxious moments to the 146 people on board.
The additional stake will cost the promoters Rs 312 crore (Rs 3.12 billion).
In a fresh trouble for the budget carrier SpiceJet, aircraft lessors have approached the aviation regulator DGCA, seeking its permission to repossess 11 Boeing planes of the airline, even as its revival plan is under review of the Civil Aviation Ministry.
No-frill carrier SpiceJet has begun an enquiry into an incident in which a differently-abled woman was off-loaded from its Kolkata-Mumbai flight on Sunday after the crew claimed it was not safe to have her on board. The airline, expressing regret at the incident, said, "We are investigating the matter internally and action will be taken". Jeeja Ghosh, a 42-year-old teacher at Kolkata's Indian Institute of Cerebral Palsy, was offloaded after she had boarded the flight.
There could be rejig at top level at SpiceJet.
Stocks of SpiceJet on Friday surged nearly 10 per cent after the company returned to original promoter Ajay Singh for its revival in a multi-layered deal worth up to Rs 1,500 crore (Rs 15 billion).
The Delhi airport, the country's busiest airport, on Friday early morning witnessed the collapse of a roof at Terminal 1 amid heavy rains that killed one person, prompting the government to order a detailed probe and an inspection of the structural strength of all airports.
Airline says can't discuss dues publicly, denies grounding of planes
A Srinagar-bound SpiceJet aircraft with 186 passengers on board landed under emergency conditions in New Delhi on Monday after Air Traffic Control learnt that it had suffered a tyre burst while taking off and asked it to return
A Srinagar-bound SpiceJet aircraft with 186 passengers on board landed under emergency conditions in New Delhi on Monday after Air Traffic Control learnt that it had suffered a tyre burst while taking off and asked it to return
The revised policy, which has come into effect since last week, means passengers who are looking to skip the long queues at airports will have to shell out a fee for it. For IndiGo, the lowest seat fees is Rs 100 while for SpiceJet it is Rs 99.
A SpiceJet aircraft with 179 people on board was today grounded after a foreign traveler claimed that there was a bomb inside the plane, forcing authorities to evacuate all the Delhi-bound passengers. However, after a thorough search of the plane, authorities at the Tribhuvan International Airport in Kathmandu said that it was a hoax.
The chief operating officer said that the carrier will surmount the present crisis very soon.
The airline re-built the flight schedule and refunded passengers.
Sources privy to the development said Maran was being asked to take care of a part of the liabilities.
Troubles for SpiceJet seem to have piled up and it remains financially strapped.
Indian airline SpiceJet Ltd said on Thursday that its billionaire owner, Kalanithi Maran has proposed to transfer majority ownership in the ailing carrier to co-founder Ajay Singh.
Minority investors of SpiceJet might be feeling cold-shouldered.
Lessors of SpiceJet have in panic taken back some aircraft but if they see fresh investors coming in and taking charge, they are likely to relent and return the planes.
There are rumours that Ajay Singh who previously headed SpiceJet may get an investor to bail out the airline of dire consequences.
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SpiceJet's ex promoter Ajay Singh is trying hard to pump in huge money into the airline.
The fresh equity infusion comes at a time its rival Kingfisher Airline is struggling to be air-borne due to a severe cash-crunch.
The Q400 NextGen turboprop aircraft from Bombardier can seat 78 passengers and has low noise and vibration-free features.
Low-cost air carrier SpiceJet is looking at ways to raise around $75 million (Rs 335 crore). The airline has given the mandate to IDFC-SSKI for raising funds through preferential allotment of shares and strategic sale. "IDFC-SSKI is working on it and the money will be raised through both preferential allotment of shares and strategic sale," said a Mumbai-based investment banker, who is associated in this deal.
Among the impacted flights, Air India's flight AI 185 from the national capital to Vancouver that was to depart early in the morning was rescheduled.
If all 102 grounded planes could fly, there will theoretically be 400 more Delhi-Mumbai flights every day.
SpiceJet did not provide the details of its ancillary revenue.
We have cleared all dues to our employees, says Ajay Singh
SpiceJet promoter Kalanithi Maran would need to invest at least Rs 1,500 crore (Rs 15 billion) almost immediately to stabilise the airline.
SpiceJet is conducting a strategic review of fleet and network, which could see staff reductions and a possible phase out of Bombardier Q400 planes in three months.
The airline, which operates 24 daily flights including linking Delhi to Port Blair and Bhubaneshwar, would, however, provide free drinking water to all passengers.
With low-visibility conditions significantly disrupting flight operations at the Delhi airport, Civil Aviation Minister Jyotiraditya Scindia on Monday said all stakeholders are working round-the-clock to minimise fog-related impact as well as passenger inconvenience, and asserted that unruly passenger behaviour is unacceptable.
Civil Aviation Minister Jyotiraditya Scindia on Tuesday flew on SpiceJet's special flight between Delhi and Gwalior using Boeing's 737 Max plane that has been allowed to return to service after two and half years. All Max planes were grounded in India by the Directorate General of Civil Aviation (DGCA) on March 13, 2019, three days after the crash of an Ethiopian Airlines 737 Max plane near Addis Ababa, which had left 157 people, including four Indians, dead. Along with Scindia, SpiceJet CMD Ajay Singh and Boeing India president Salil Gupte were also present on the special flight on Tuesday.
The country's largest airline IndiGo and Air India have asked passengers to reach Delhi airport at least 3.5 hours prior to domestic departures.
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