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Low cost model unsuitable for India: Paramount Airways MD

Paramount Airways Managing Director, M Thiagarajan, has reiterated his belief that the “low cost model will not work in the Indian market”. Mr Thiagarajan previously stated in Aug-2009 the carrier has no plans to adjust its full service carrier business model, even as Jet Airways, Kingfisher Airlines and Air India move significant amounts of capacity to their LCC subsidiaries.

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