A source said Mills was leaving the airline as he was not getting operational freedom to run the organisation.
Indian budget airline SpiceJet has agreed to buy around 40 Boeing 737 passenger jets worth over $4 billion at list prices as it seeks to modernize its fleet and climb out of the red, industry sources said on Tuesday.
Airline says can't discuss dues publicly, denies grounding of planes
The technician was carrying out maintenance on the landing gear of the Bombardier Q400 plane when the landing door accidentally got closed.
Of the 243 listed flights, it claimed to have operated 75 across the country after 1600 hours on Wednesday.
Though a formal purchase agreement with Boeing is yet to be signed, SpiceJet's order size could be of 40-50 planes, a source familiar with the development said. At list price, a 737 Max aircraft is valued at about $100 million (Rs 620 crore).
SpiceJet is expanding international operations to improve dollar earnings and offset losses caused by currency rate fluctuations.
This is also the highest ever profit recorded by the carrier, which was facing turbulent times a year ago.
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.
Sources aware of the development said as part of the project, the airline had signed an agreement with Reliance Industries Ltd, which would extend quality control services at its coastal terminals for ATF imported by the airline.
The additional stake will cost the promoters Rs 312 crore (Rs 3.12 billion).
SpiceJet was dragged to court by several aircraft leasing firms.
Things don't seem to be good at low fare carrier SpiceJet's office. In past few months, its top rung officers have resigned over differences in opinion with the management.
IndiGo's passenger load factor, at 67% in July, fell six percentage points from the same month last year.
Clearance of dues is a key step in airline's revival.
Budget carrier SpiceJet on Wednesday launched another discounted ticket scheme, offering fares as low as Rs 1,599 across its domestic network for travel between February 15 and April 15 to celebrate Valentine's Day.
Operations have stabilised with on-time performance at around 90 per cent and cancellations rates being the lowest in the industry.
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.
The Irish firms had sought to deregister SpiceJet.
SpiceJet grounded all its aircraft due to payment woes
The flight with about 70 passengers on board left Chennai around 7.30 am and when it was about to land around 8:25 am, smoke was noticed from one of its engines.
Jet Air shares rally on expectations that continuing troubles at rival SpiceJet will help it gain market share.
The UK-based promoter-director Bhulo (Bhupendra) Kansagra of Delhi-based low-cost carrier SpiceJet is willing to divest the family stake in the airline if the valuations are right. The Kansagra family owns 12.91 per cent in the airline, which is publicly listed, and has a 10 per cent share in the Indian market, and a market capitalisation of $250 million.
India is not an easy environment to operate in and grow because of the high cost of operations, says Neil Mills.
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The airline, which posted an annual loss of Rs 191 crore (Rs 1.91 billion) for the past financial year, has been looking to raise funds for months.
This would be the third fund infusion in the airline by Maran since September 2011.
The prospective owners of Indian low-cost carrier SpiceJet Ltd plan to cut the airline's fleet, shrink its network and return to a "plain vanilla" business model to achieve profitability, two people close to the investors said.
Three months after Sanjay Aggarwal resigned as chief executive officer (CEO) of SpiceJet, the airline announced the appointment of Neil Raymond Mills as the CEO.
The Chennai office of Registrar of Companies sent the notice to the second-largest no-frills private carrier last month.
IndiGo declined to comment on the matter
India must address issues that are plaguing its aviation sector.
The airline had reported a net loss of Rs 321.5 crore or Rs 3.21 billion in the same period a year ago.
Chief Operating Officer, Sanjiv Kapoor will be leaving the company effective October 31, 2015 after two years with the organisation.
SpiceJet put one lakh seats up for grabs.
India's second largest budget carrier SpiceJet, which reported a record Rs 1,003 crore (Rs 10.03 billion) net loss last fiscal, may soon receive the much-needed capital infusion as talks with an overseas investor have reached "very advanced stages".
The catch is you will have to book your flight by August 27 and travel between September 25 and January 15, an airline spokesperson said, adding the offer is applicable on all direct, via and onward flights on SpiceJet's domestic network.
HC asks DGCA not to de-register SpiceJet planes till April 6.
Jet Airways, SpiceJet and Vistara also operated all women crew flights, though on their domestic network.
Amid reports of a possible stake sale, low-cost airline SpiceJet on Friday said it is exploring all options to mop up funds to overcome the cash crunch.
No-frills carrier SpiceJet on Tuesday put on sale 1 lakh seats on its select domestic flights for just Re 1.
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