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SpiceJet gets green light to fly to the UK

INDIA's budget carrier SpiceJet has received the nod to operate flight services to the UK as an 'Indian scheduled carrier', said the company. The private airline recently got the approval to operate flights to the US as well.

“We would like to inform you that in terms of the air services agreement between the Indian government and the UK, SpiceJet has been designated as Indian scheduled carrier to operate on agreed services between India and the UK,” SpiceJet said in a regulatory filing.


An air service agreement is a bilateral agreement to allow international commercial air transport services between signatories.

Now, Air India is the only domestic airline flying between India and the UK. All international commercial air passenger services are suspended since March 22 due to travel restrictions imposed due to the Covid-19 pandemic.

But, various evacuation and charter flights are being currently operated to fly back stranded Indians in various countries and also transport foreign nationals, who are stuck in India, to their countries.

Headquartered in Gurgaon, Spicejet is the second largest airline in India by number of domestic passengers carried, with a market share of 13.6 per cent as of March 2019.

The airline operates 630 daily flights to 64 destinations, including 54 Indian and 15 international destinations

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5 key reasons why UK is losing its billionaires while global rich-list grows 300 per cent
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5 key reasons from Knight Franks' wealth report on why the UK is losing its billionaires

  • Global ultra-wealthy population jumps over 300 per cent since 2021
  • UK billionaire count drops to 156, biggest fall in 37 years
  • Policy shifts, mobility and weaker investment appeal drive the change

A fresh global wealth snapshot shows just how sharply fortunes are rising. The number of individuals worth at least $30m (£22m) has surged from 162,191 in 2021 to 713,626 now, an increase of more than 300 per cent, according to analysis by Knight Frank. The billionaire population, currently at 3,110, is projected to grow by 25 per cent to 3,915 by 2031.

This rapid expansion is being fuelled largely by technology-led wealth creation. As Liam Bailey of Knight Frank reportedly said in a news report, the ability to scale businesses faster, particularly in sectors like artificial intelligence, is accelerating how quickly large fortunes are built.

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