‘Low-cost airline model won’t survive in India’

Chennai: Paramount Airways has rejected offers for acquiring low-cost carriers as it strongly feels that this model will not survive in the long run in the country.
“Paramount Airways is keen on acquiring airlines that suits our business model,” said the airline’s Managing Director M. Thiagarajan at a press conference in Chennai today.
The airline, which is a market leader in South India, plans to connect airports in North-East and Western India soon, he said.
Paramount Airways is augmenting its fleet size and two more aircraft will be added to the existing fleet next month. The new aircraft will enable the airline connect more cities such as Trichy and Calicut besides operating more flights from Bangalore to Pune and Goa.
The airline, with 70-80% passenger load factor and 100% passenger retention factor, has plans to fly to Europe, Middle East and also the US by early 2011.
13/03/08 Sify

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Categories: Paramount Airways Mar 2008