Neil Mills, CEO of SpiceJet, has stated that the airline is better placed than its competitors to attract foreign direct investment (FDI) and is “open to collaboration with foreign players”.
This statement was despite SpiceJet reported net loss of Rs.39.26 crore for the quarter ended Dec 31 from a net profit of Rs.94.44 crore in the like period of 2010-11, due to high fuel costs, high taxes and fierce competition.