Paramount Airways - no Merger with any Airlines

Paramount Airways CHENNAI: Paramount Airways on Thursday ruled out its merger with any other airline in India, saying they were a profit making organization and were looking at acquisitions.

“We are making profits. We are looking at acquisition judicial custody and was to be produced before the JMFC, has been taken to Hyderabad by police for further investigation in len two-wheeler and were part of a module which was planning a series of blasts in Goa and Karnataka. Why should be merge with any other airline?,” its Managing Director M Thiagarajan told a press conference here.

He saiffers as its business model was not suitable for running such airlines, he said.

He said Paramount would start operations in the Western sector from June or July 2008. The first base in Western India would be Pune and Goa and later operations would start from Ahmedabad, Baroda and Mumbai.

‘Operations in the North and North-eastern sector will be started by 2010 and the maiden international flight will be in 2011,” he said.

Paramount would acquire two more aircraft by May next, he said, adding that the present fleet strength of five would be increased to 40 by 2010.

As a profitable private limited company, his company would depend on accrual of funds to fund its expansion plan, he said

Thiagarajan said his company had recently received the ‘The Century International Quality Era Award’ at an international quality convention in Geneva.
source: The Economic Times

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2 Comments so far »

  1. Ranjan Singh said,

    Wrote on March 22, 2008 @ 12:12 am

    PARAMOUNT AIRWAYS PREFERS HINDI SPEAKERS ONLY!; SORRY TAMILIANS NOT WANTED!

    When Paramount Airways was introduced, every one might have been exited that for the first time airline based out of Tamil Nadu was started. There was also expectation that the aviation sector in Tamil Nadu would improve. For a long time Bangalore was the only headquarters for all airline. TamilNadu was a desert of aviation enterprise ever since Air Asiatic wound up.

    There was also reports of Tamil newspapers inflight abort Paramount, which would have attracted exitement in the emotional TN market.

    To tell the truth Paramount Airways is no different from they claim to be. They are just part of the Hindi-speaking herd which are based in Tamil Nadu only in name.

    THeir vacancies within Tamil Nadu DO NOT care for knowledge of Tamil but require Hindi. Speaking Tamil is considered shameful in India’s aviation industry. Speaking Hindi is actual considered good etiquette. Paramount Airways has also shown this preference.

    They barely link 3 of the busiest airports in Tamil Nadu, which others like Air Deccan have already been doing.

    The only thing Paramount Airways is unique is that they are the most expensive.

    To sum it up, being an expensive airline which at the end of the day you get the usual English and Hindi only treatment, you would rather pick others for less.

  2. jyoti javeri said,

    Wrote on April 25, 2008 @ 12:26 pm

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    Date of Birth: 28thAugust,1982.

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