Paramount to restart ops, target tier II & III cities

Chennai: After hitting an air pocket over leasing problems resulting in suspension of flight services over the last few months, Paramount Airways is again set to take wing in the next one month. The company will restore services to all 17 destinations. “All issues, including those related to leasing, have been settled. We hope to commence operations in December and restore connectivity to all 17 destinations where we were operating by March,” said Paramount Airways managing director M Thiagarajan.
The company is buying eight A-320s and six Embraer Q400s. “In addition, we will lease a few Airbus 320s along with crews,” Thiagarajan said.
The company has been facing problems related to maintenance reimbursement with leasing companies such as Gecas and ECC. The company will target tier II and tier III cities in its quest to become a pan-India player.
Paramount held 27% market share in the southern region.
13/11/10 R Ravichandran/Financial Express

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Categories: Paramount Airways Nov 2010