Indian DGCA suspends Paramount Airways license
Indian Directorate of Civil Aviation (DGCA) suspended Paramount Airways' operating license due to an insufficient number of aircraft in operation, following the deregistration of aircraft in a leasing dispute with GECAS and ECC Leasing (Emirates Business 24/7, 21-Apr-2010). The airline denied the suspension. Managing Director, M Thiagarajan, stated the carrier plans to acquire six aircraft within the next two months (Express Buzz, 20-Apr-2010).
Paramount Airways: "We will acquire six more aircraft within the next two months. Two Embraers and four Airbus will be part of the fleet soon. Earlier, we made a mistake of being over-dependent on one leasing company,” M Thiagarajan, Managing Director. Source: Express Buzz, 20-Apr-2010.