Complex sentence: ModiLuft was one of India's first post-deregulation airlines but it ceased uperations in 1996 however it is slated to come back as SpiceJet in 2006.
Split into simpler sentences: ModiLuft was one of India's first post-deregulation airlines but it ceased operations in 1996. However, it is slated to come back as SpiceJet in 2006.