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Paramount Airways - Fleet expansion catching up to network expansion

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.

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