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Paramount Airways - Fleet expansion catching up to network expansion

8-Jul-2009

Chennai-based Paramount Airways, which has been on a trail of rapid route network expansion, is showing no sign of slowing down with its expansion plans. The business focused carrier signed a memorandum of understanding (MoU) with Airbus at the Paris Air show in Jun-2009 for ten A321s with options for an additional ten. The MoU is worth more than USD900 million, to be funded by the European Central bank, and delivery of the first aircraft is scheduled for 4Q2009. [643 words]

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Subheadings:

  • Traffic and load factor continue to outperform
  • Jumps on ‘monsoon’ bandwagon to stimulate demand

Graphs and data:

  • Paramount Airways’ current and future fleet plan: 06-Jul-2009
  • Paramount Airways passenger numbers and passenger numbers growth (% year-on-year): May-2008 to Apr-2009
  • Paramount Airways domestic market share: Apr-2006 to Apr-2009
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