Paramount to place orders for aircraft

New Delhi: Chennai-based Paramount Airways is in "advanced stages of talks" with aircraft manufacturers Airbus and Boeing to place orders for 7-10 airplanes worth about Rs 10,000 crore, even as it plans to take delivery of 20 Embraer jets in the next two years.
Aiming for a national presence by 2011, the carrier plans to make Mumbai its regional hub for operations in western India and add 500-600 flights per month in the first half of calendar year 2009.
"We are in advanced stages of talks with both Airbus and Boeing for placing orders for 7-10 of A350s or Boeing 787s," Paramount Airways Managing Director M Thiagarajan said.
The total price of the airplanes is about USD 2 billion (Rs 10,000 crore), he said, adding the orders would be placed at the right time.
He refused to give any further details.
The carrier would also expand its existing fleet of five Embraer jets beginning with delivery of two aircraft in March and another six in the next financial year. It will have a total of 25 planes by 2010-2011.
The airline currently flies various westerns destinations including Pune and Ahmedabad from a host of cities in the south. The airline currently has 1,600 flights a month which would be taken to around 2,100-2,200 in the next six months.
17/01/09 PTI/The Hindu

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Categories: Paramount Airways Jan 2009