Paramount seeks nod to resume flying
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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 told the Business Standard.
Paramount started operations in October 2005 and was the only airline to offer full business-class service at prices comparable to the normal economy fares of other airlines. The carrier used to fly to 21 destinations across the country and had a market share of 1.5%. It operated with five leased five planes – two Embraer 170s and three Embraer 175s. The Paramount Group is a Madurai-based textile company, and had ordered 10 A321-200 aircraft and had plans to launch short-haul international routes through those aircraft. It had plans to start flying to Colombo, Bangkok, Hong Kong and Singapore with West Asia and Africa later on.
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