SpiceJet chief executive Neil Mills has resigned from the low-cost carrier, according to media reports from India.
The reports indicate that Mills' relationship with key shareholders broke down recently and that his resignation has been accepted by the airline's board.
Mills did not respond to calls from Flightglobal Pro. A SpiceJet spokeswoman would neither confirm or deny the reports, saying only that the company "does not comment on speculation."
Company sources, however, say it will make a major announcement within the next week that may relate to Mills' position. They could not confirm if this would include naming a new chief executive.
If confirmed, Mills' resignation comes only weeks after chief commercial officer Harish Moideen Kutty left the airline. No successor has been appointed to that position.
SpiceJet is widely rumoured to be eyeing a tie-up with a Middle Eastern carrier. The rumors followed a proposed deal by Etihad Airways to take a 24% stake in Jet Airways. SpiceJet recently denied a report that Kuwait Airways plans to take a 25% stake in it, but has hinted that it is in discussions with other foreign airlines.
The Chennai based low-cost carrier recorded an operating loss of rupees (Rs) 1.7 billion ($30.5 million) for the year ended 31 March 2013.