Neil Mills, the Chief Executive Officer of SpiceJet quit from his post, 18 months before the end of his contract. He is the third CEO for SpiceJet, the Chennai-based private carrier, since 2008. The resignation of Neil Mills came in the backdrop of the reports that SpiceJet was planning for raising the funds, which also include through the strategic investors.
It is very important to note that in recent past, the Chief Commercial Officer of SpiceJet, Harish Moideen Kutty also resigned from the office. Kutty’s resignation came just after SpiceJet reported the unexpected loss of 191 crore Rupees in 2013-14 financial year. He was the seconf CCO to quit the office.
Since 2010, the promoters of SpiceJet pumped 350 crore Rupees into the airlines. SpiceJet began its operations in the year 2005. It has the market share of 20 percent, while IndiGo enjoys the market share of 30 percent. SpiceJet, in all, has 56 aircrafts.
About Neil Mills
• Neil Mills is 42 years of age.
• He has a credible 17 years of experience in the aviation business and is an accountant by profession.
• He has won various awards while working with SpiceJet.
• His masterstroke was introducing SpiceJet to new routes such as to Guangzhou in Chinaand Kabul in Afghanistan.
• Neil Mills is also credited for acquiring Q-400s, the 80-seater narrow-bodied Bombardier planes. This enabled SpiceJet to fulfill the latent demand from small towns.