Paramount Airways
 |
||||
|
||||
| Founded | October 2005 | |||
|---|---|---|---|---|
| Ceased operations | May 2010 (license withdrawn) | |||
| Hubs | ||||
| Frequent-flyer program | Paramount Royale | |||
| Fleet size | 0 (+18 orders) | |||
| Destinations | 0 | |||
| Company slogan | A world of difference | |||
| Parent company | Paramount Group | |||
| Headquarters | Chennai | |||
| Key people | M. Thiagarajan, MD | |||
| Website | www.paramountairways.com | |||
Paramount Airways was an airline based in Chennai, India. It operated scheduled services, mainly targeting business travellers. Its hub was Chennai International Airport[1] and was the first airline in India to launch the New Generation Embraer 170/190 Family series aircraft.[2]
Contents |
[edit] History
The airline started operations in October 2005 with the company head-quartered in Madurai, also the location of Paramount Textiles. It operated to regional destinations in South India until early 2010, when legal issues between Paramount Airways and the lessors of their Embraer aircraft led to the de-registration of their fleet. This caused a gradual termination of all services as the fleet was grounded and seized by the leasing companies.[3]
In November 2010, it was announced that Paramount Airways had won their legal battle and were set to resume services with a fleet based on Airbus and Bombardier aircraft. Normalisation of the route network was December 2010, but did not eventuate.[4]
[edit] Destinations
Paramount Airways mainly provided services to cities in South India. In 2009 it extended its services to eastern India, serving the cities of Kolkata, Guwahati and Agartala.
[edit] Fleet
The Paramount Airways fleet consisted of the following aircraft as on April 2010:
| Aircraft | In Service | Orders | Options | Passengers (Business) |
Notes |
|---|---|---|---|---|---|
| Airbus A321-200 | — | 10 | 10 | TBA | [5][6] |
| Bombardier Dash 8 Q400 | — | 6 | — | TBA | [5] |
| Embraer E170 | 0 | 2 | — | 70 | Leased directly from Embraer[5] |
| Total | 0 | 18 | 10 | ||
On 20 June 2009, Paramount Airways signed a MoU to buy ten Airbus A321-200 aircraft with an option for an additional ten. The agreement was concluded at the 48th Paris Air Show and was to be funded by the European Central Bank. It also ordered six Bombardier Dash 8 Q400s. [7]
Paramount Airways is yet to receive any aircraft and so remains defunct.
[edit] Awards and recognition
- Paramount Airways won the "Arch of Europe" Award[8]
- Paramount Airways was awarded the "Award of Excellence" conferred by the Institute of Economic Studies[9]
[edit] References
- ^ "Directory: World Airlines". Flight International: p. 61. 2007-04-10.
- ^ First Indian Airline to operate Embraer aircraft
- ^ The Paramount Airways journey in India - Corporate News - livemint.com
- ^ Paramount Airways to take to the skies again
- ^ a b c "Paramount gets Govt nod to import A321, Q400 and Embraer aircraft". The Hindu Business Line. 2010-05-04. http://www.thehindubusinessline.com/2010/05/04/stories/2010050451340100.htm. Retrieved 2010-10-04.
- ^ http://www.paramountairways.com/doc/paramount_signs_mou_with_airbus.doc
- ^ Paramount Airways commits to 10 Airbus A321 aircraft
- ^ Paramount Airways wins "Arch of Europe" award[dead link]
- ^ Paramount Airways receives International Quality Award
[edit] External links
|
||||||||||||||||||||||||||
|
||||||||||||||
