Chennai-based regional airline Paramount Airways Pvt. Ltd is in talks with aircraft makers Boeing Co. and Airbus Industrie to buy six wide-bodied planes with an aim of launching international operations by fiscal 2011.
The airline, which has so far restricted itself to southern India with an all-Embraer fleet of five leased aircraft, also plans to establish a new aircraft maintenance facility in Madurai in collaboration with Brazilian aircraft manufacturer Empresa Brasileira de Aeronáutica SA at an estimated $40-60 million (Rs161-242 crore) investment.
“We are evaluating both wide-bodied aircraft—(Boeing’s) 787 and 350 XWB (Xtra Wide-Body of Airbus),” said Paramount’s chairman M. Thiagarajan on the airline’s growth plans. He did not specify when the deal could be sealed.
What about their Embraer add-on order? Still on?
[Edited 2007-09-20 18:11:18]