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Tag Archives: Paramount Airways

Airbus ends A340 era, selling last two aircraft, defaulted by Kingfisher Airlines

European airframer Airbus S.A.S. announced the sale of the last two A340-500 aircraft in its inventory, marking an end of the longest range model of its portfolio. AJW Capital Partners Limited, a worldwide aviation services group based in the UK, has signed a firm contract for the purchase of two Airbus A340-500s aircraft. With this order AJW Capital becomes the …

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Paramount Airways receives favourable verdict against GECAS

The drama involving Chennai based Paramount Airways and GE Commercial Aviation Services (GECAS) over a dispute on refunds and payments, began last Friday. Paramount officials explained that the dispute with GECAS was over maintenance reserves and deposit refund. An airline release claimed “Paramount had made a $15 million deposit to GECAS – $5 mn as deposit and $10 mn as …

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Indian airlines still owe $445 million to oil companies

The Minister for Petroleum and Natural Gas, Mr Murli Deora, informed the Lok Sabha (lower house of the Indian parliament) that Indian domestic airlines Kingfisher Airlines, Jet Airways, National Aviation Company of India Ltd (Air India), Paramount and SpiceJet, still owe a whopping Rs. 2,225.52 Crore ($445 million) to the stated owned oil marketing companies Indian Oil Corporation, Hindustan Petroleum …

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Domestic passenger traffic rises 20% in May

Buoyed by the summer holiday season and the continuing rise in the Indian economy, domestic passenger traffic rose by almost 20% to 3.93 million in May from 3.315 million passengers in April. There was no significant change in the market shares of the various airlines, but the low cost carriers IndiGo, SpiceJet, Go Air and JetLite have continued increasing their …

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Boeing in a better position than Airbus as Indian airlines slash aircraft deliveries

2008 was the year reality struck home in the Indian airline industry. One whiff of the downturn exposed the lack of robust business planning, and abundance of financial vulnerability of Indian carriers, leaving all of them battered and bruised, some more than others. We saw mass-scale defaulting on payments by carriers in India to everyone from airports to aircraft manufacturers. …

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Travel agents to boycott Singapore Airlines

I must tip my hat to the travel agents’ associations in India. Their strategy of targeting one airline at a time, has paid handsome dividends. From a paltry five per cent commission on the basic fare, they have successfully made all the airlines pay three per cent on the gross fare, which includes the fuel surcharges, on domestic fares. Passengers …

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Air India and Paramount launch promotions

Air India launched (05-Dec-08) a promotional scheme for passengers travelling on its select domestic metro sectors. The scheme titled ‘Winter Warmth’ will be applicable for travel between the four metros – Delhi, Mumbai, Kolkata and Chennai; and also between the four metros cities and Bangalore/Hyderabad. The scheme, aims at frequent flyers – award of one free return ticket of two …

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Paramount adds Pune as third destination in Western India

Paramount Airways extended its services to Western India, by launching daily flights from Chennai to Pune. Paramount already serves Ahmedabad and Goa from Chennai. Commenting on the Pune launch Mr Thiagarajan, MD, Paramount Airways said, “As part of our expansion strategy we have launched the Chennai – Pune sector today. This we believe will help our foray into the western …

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Paramount Airways adds new routes to its network

Paramount Airways adds new routes to its networkWill enhance operations from 62 flights to 66 flights a day in the following weeksBy TBM Staff | Chennai Madurai based, Paramount Airways is planning to enhance its operations from 62 flights a day to 66 flights a day in the following weeks. The new routes include Bangalore-Vishakapatnam (direct), Chennai-Vishakapatnam (direct) and Chennai-Tiruchipalli …

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