Thursday, February 22, 2007

Paramount to add 15 new aircraft

Madurai: Paramount Airways has chalked up plans to have a national footprint by end 2009, which will be done by acquiring 15 new aircraft in three years.
Speaking to TOI here, Paramount MD M Thiagarajan said the airline, which started operations a year ago, connects eight destinations through 50 flights daily.
Paramount is the lone carrier in the HVC (high value carrier) segment, while most airlines follow a LCC (low cost carrier) or full service carrier (FSC) model.
"We believe in pampering our passengers. This year we will connect Trichy, Mangalore and Calicut after which we will interconnect all the sectors that we currently operate in,"Thiagarajan said.
On Wednesday, the airline announced one more flight between Madurai and Chennai, taking the total number of daily flights between the two destinations to four. The funding of the 15 new jets will be through internal accruals and debt.
22/02/07 Rajesh Chandramuli/Times of India
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