Is Mills clearing the cockpit for the next investor?

Each change of guard at the no-frill carrier SpiceJet Ltd– Neil Mills was the fourth chief executive officer (CEO) since the airline launched operations in 2005– has largely coincided with a new investor taking control of the carrier.

The erstwhile ModiLuft, which was grounded in the mid-1990s, was resurrected in 2004 as SpiceJet, by a clutch of investors led by non-resident Indian businessman Bhupender Kansagra and Ajay Singh. They brought in a low-cost airline veteran, Mark Winders, as its CEO, to kick-start operations. Winders, however, left a year into the job – in 2005, citing “home sickness”.

Full report here Business Standard


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