Paramount seeks nod to resume flying

New Delhi: Chennai-based Paramount Airways has applied for permission from the government to restart airline operations, with two aircraft. It had closed operations last year, after disputes with aircraft leasing companies and withdrawal of its permit.
“Any new scheduled commercial airline can operate with two aircraft during the first year of operations. Whether Paramount’s return should be considered as its first year of operation or not is a matter being discussed by the Directorate General of Civil Aviation (DGCA),” said a senior civil aviation ministry official, who did not want to be identified.
According to the rules, any scheduled commercial airline should have at least five aircraft but can operate with two for the first year of operations.
Paramount started operations in October 2005 and was the only airline to offer full business-class service at prices comparable to the normal economy class fares of other airlines. The carrier used to fly to 21 destinations across the country and had a market share of 1.5 per cent. It operated with five leased planes, two Embraer 170s and three Embraer 175s.
17/05/11 Mihir Mishra/Business Standard

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Categories: Paramount Airways Sep 2011