Paramount to construct hangar at Chennai airport

Chennai: Paramount Airways today said the Airports Authority of India has allotted 1,00,000 sq.ft of land to the airline at the Chennai airport for construction of a hangar.
"The company has been given 1,00,000 sq.ft of land at the airport by the Airports Authority of India, for the construction of the hangar," M Thiagarajan, Managing Director, Paramount Airways, told reporters here.
Construction of the hangar, which would cost about $40 million and would take about 14 to 20 months to be completed. Regulatory approvals have been sought for the project, he said.
Paramount would also be acquiring eight aircraft and press them in service by October and expand the fleet to 20 aircraft in as many months.
The MD announced the launch of services between Chennai and Hyderabad and Chennai and Bangalore from April 19. .
He also said the fares on the new routes would be Rs 1,299 on the Chennai-Bangalore service and Rs 1,999 on the Chennai-Hyderabad sector.
12/04/06 Economic Times

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