In the battle of low cost, low fringe carriers in India, here's an airline with a difference and that too headquartered in our own Coimbatore!! It's Paramount Airways, promoted by the Paramount group, a leading player in textiles with interests in banking. Promoter M Thiagarajan is a pilot and is the MD of Paramount Mills. His grand father Karumuttu Thiagarajan was the founder of Bank of Madura. The airline plans to start operations by August ’05.
And here's some latest news regarding them:
In a surprise development at the Paris air show on Tuesday, Coimbatore-based start-up airline, Paramount Airways, signed up with Brazilian aircraft manufacturer Embraer to buy five Emb 170/175 aircraft, in a deal valued at $138m (Rs 620 crore).
In an interesting deviation from the low-cost model that most airlines are following, the airline will have no economy class seating. It will offer an all-business class service on the first two Embraer 170 aircraft and a first and business class on the next three Embraer 175s. “The premium seats will be priced at lower than existing business class seats”, airline sources said.
Paramount MD M Thiagarajan said the airline will offer direct services to secondary cities in India and connect primary metros. It will focus on providing the business traveller with an aircraft that offers cabin amenities such as wider aisles and seats, greater baggage stowage and overhead bins and full-service galleys while maintaining smaller jet economies.
Via: Subbiah
And here's some latest news regarding them:
In a surprise development at the Paris air show on Tuesday, Coimbatore-based start-up airline, Paramount Airways, signed up with Brazilian aircraft manufacturer Embraer to buy five Emb 170/175 aircraft, in a deal valued at $138m (Rs 620 crore).
In an interesting deviation from the low-cost model that most airlines are following, the airline will have no economy class seating. It will offer an all-business class service on the first two Embraer 170 aircraft and a first and business class on the next three Embraer 175s. “The premium seats will be priced at lower than existing business class seats”, airline sources said.
Paramount MD M Thiagarajan said the airline will offer direct services to secondary cities in India and connect primary metros. It will focus on providing the business traveller with an aircraft that offers cabin amenities such as wider aisles and seats, greater baggage stowage and overhead bins and full-service galleys while maintaining smaller jet economies.
Via: Subbiah
Comments
Post a Comment