Paramount in talks with Boeing, Airbus for wide-body aircraft

Mumbai: Chennai-based Paramount Airways India Ltd, a full service airline that operates with smaller Brazilian-made Embraer planes, is in talks with US plane maker Boeing Co. and France-based Airbus SAS to acquire up to 10 wide body planes to start international operations by 2011.
Paramount Airways is set to finalise the purchase with either of these plane makers soon and announce the deal at the Singapore Air Show to be held from 19-24 February.
A person familiar with the development, who did not want to be identified, said the airline is considering Boeing’s B777 family of planes or Airbus A330 with reserving an options to convert them into bigger type aircraft such as B787 or A350. “The idea is to start non-stop operations to Europe once the carrier completes five years of operations in 2010. It has also plans to start non-stop service to the US,” he added.
Paramount Airways managing director M. Thiagarajan comfirmed that the carrier is in talks with Boeing and Airbus, though details are not finalized yet. “Certainly, we have aspirations for flying international destinations. But we will be doing that in accordance with the government guidelines,” said Thiagarajan.
09/02/08 P.R. Sanjai/Livemint

To Read the News in full at Source, Click the Headline

Categories: New Feb 2008, Paramount Airways feb 2008