Low-Cost carriers
Aviation Daily Jul 09 , 2010 , p. 11
Neelam Mathews
FlyDubai CFO Neil Mills was named Spicejet's new chief executive, just days after CEO Sanjay Aggarwal stepped down following Kal Airways’ acquisition of a 38% stake in the budget carrier, The DAILY has learned. Mills is expected to join SpiceJet later in the year.
In addition to the 38% stake, Kal Airways said it would make an open offer for 20% more of SpiceJet.
Reports are circulating that the airline is reviewing a shift in its hub from Delhi to Chennai and a possible name change to Sun Air. Kal Airways is owned by Kalanithi Maran, founder of the Sun TV Network. The decisions are expected to be made by the year-end.
SpiceJet has a roughly 12% share in the domestic aviation market and becomes eligible to fly internationally this month.
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