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Paramount To Order A350 Or B787

Fri Sep 21, 2007 1:10 am

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]
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RE: Paramount To Order A350 Or B787

Fri Sep 21, 2007 1:54 am

Wow, that is a dramatic difference/change in their fleet..going from the E170s to A350 or B787s!
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RE: Paramount To Order A350 Or B787

Fri Sep 21, 2007 2:11 am

If they're really starting international flights in 2011, then they must be looking for interim planes till they can get their hands on A350s or 787s.

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RE: Paramount To Order A350 Or B787

Fri Sep 21, 2007 7:18 pm

Do they have the Finances to carry out the same.
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