Paramount denies reports of GoAir takeover move

Chennai: Chennai-based business-class airline Paramount Airways Saturday denied reports that it was in talks with GoAir for a takeover. According to the reports, Paramount was in talks with Jeh Wadia’s Go Airlines, offering to pay about Rs.150 crore in cash, and takeover the budget airline’s debt of about Rs.400 crore, as also its management.
03/10/09 IANS/Trak.in News

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Categories: GoAir Oct 2009, Paramount Airways Oct 2009