Paramount Airways to buy wide-bodied aircraft

Chennai: The Madurai-based Paramount Airways is set to announce the purchase of its first wide-bodied aircraft in the coming week.
Managing Director M. Thiagarajan told The Hindu that the airline was in the final stages of negotiations with aircraft manufacturers Airbus and Boeing and would announce a deal with one of them after discussions at the Singapore Airshow this week.
“We are very closely evaluating the A330s and A350s from Airbus, as well as the 777s and 787s from Boeing,” he said. “If everything goes, as planned, we will be announcing a deal soon. Whether it happens during the airshow or subsequently soon after depends on how fast we get the contracts sorted.”
The airline would complete the mandatory five-year period before beginning international operations in 2010, and it planned to launch its first international flight in the early 2011. Mr. Thiagarajan said Europe was the first on the agenda.
18/02/08 Ananth Krishnan/The Hindu

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Categories: Foreign Feb 2008, New Feb 2008, Paramount Airways feb 2008, Singapore Airshow 2008