A source said Mills was leaving the airline as he was not getting operational freedom to run the organisation.
With a contrarian approach to the Indian market, Mills has reconfigured SpiceJet and eked out its first profit in five quarters. His plan is not without risks.
Budget carrier SpiceJet has accepted the resignation of its chief Executive Niel Raymond Mills, 18 months before his service contract was to expire.
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.
SpiceJet has held "preliminary discussions" with a Gulf airline for potential investment in the Indian budget carrier, a news report has said.
Neil Mills, chief executive, spoke to Business Standard on its strategy and the unprecedented scheme of selling a million tickets at a base price of Rs 1.
Unveiling its plans to expand fleet size to 50 aircraft by year-end, low-cost airline SpiceJet on Wednesday said it will start flights to six new foreign destinations, including Afghanistan, China and Hong Kong, by October-end.
Low-cost positioning is passe. Brand experts suggest ways in which the airline can differentiate itself in the minds of customers.
India is not an easy environment to operate in and grow because of the high cost of operations, says Neil Mills.
Neil Mills explains the rationale behind slashing fare by 50 per cent in a recent offer.
The airlines' CEO expects it have 50 Boeing-737s and 30 Bomardier aircraft by 2016
Amid the debate over bailout for private carrier Kingfisher Airlines, SpiceJet chief Neil Mills on Monday said the government should not use taxpayers' money to revive a private sector company.
It has posted losses in four consecutive quarters as higher operating costs wiped out revenue gains.
The four 78-seater Q400s would connect Hyderabad with 12 Tier-II and Tier-III destinations.
High fuel prices are not only taking a toll on airline companies' balance sheets, but also forcing them to innovate to cut costs.
The Q400 NextGen turboprop aircraft from Bombardier can seat 78 passengers and has low noise and vibration-free features.
Low-cost carrier SpiceJet would adopt a two-pronged strategy - increase airfare and improve efficiency - for better margins, said Neil Mills, chief executive office of Spicejet Limited.
SpiceJet's chief operating officer Sanjiv Kapoor has resigned after two years of service.
Dubai-based Emirates Airline has termed reports that it is holding discussions with Indian carrier SpiceJet for buying a stake in the airline as 'inaccurate' and said that it was busy with its own expansion plans.
The airline dropped fares to gain customer load, but failed to cover the cost of its flights
Unlike Air India and Jet Airways, which have revised downwards free check-in baggage allowance on domestic flights, GoAir has made provisions for pre-purchasing excess baggage limits.
Ajay Singh is trying hard to turnaround SpiceJet.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances