Paramount Airways to acquire new Aircraft

Chennai, 09 February 2008

Paramount Airways, South India's leading airline will be inducting two more Embraer E-170 aircraft into its fleet in April / May this year taking its fleet strength to seven.

Started just two years ago as India's first all Business Class service airline, the company has done exceedingly well notching up a market share of 26% in the Southern sector.

With this addition, Paramount will start flying to Pune & Goa from Bangalore. In the South we will be adding additional sectors such as Trichy & Calicut. We will also be increasing the frequency from Bangalore connecting to Cochin, Trivandrum, Calicut & Hyderabad once the additional aircraft are in place.

Paramount Airways is also in talks with Boeing & Airbus for long haul international operations from 2011.

The unique business model of Paramount Airways offering All Business Class comfort at economy rates of other regular service airlines has contributed largely to the success of the airline.

With a fleet induction of seven aircraft in 2008, the airline would add on another 15 more by end 2009, taking the total fleet strength to 27. As planned earlier the airline will have a large fleet of 40 aircraft by end 2010 with maximum connectivity in South, West and Northern markets.

About Paramount Airways: Paramount today connects Chennai, Madurai, Coimbatore, Bangalore, Hyderbad, Vizag, Kochi and Trivandrum. Paramount Airways is the first premium service, all business class airlines, a unique business model and the first of its kind worldwide. Dispensing with Economy class and cramped middle seats, the airline welcomes its passengers aboard a world of difference--with state-of-the-art Embraer aircrafts; luxurious recline window or aisle seating, airport valet service, round-the-clock lounge access, gourmet meals and personalized in-flight attention.

The aircraft has three spacious galleys that provide adequate room for preparing and serving a full three course gourmet meal for the passengers. For a flight of seventy passengers, four cabin crew cater to the passengers needs at all times. The ratio of cabin crew to passengers is among the highest in the world, translating to exceptional in-flight service and personalized individual attention. The e-check in, valet service, lounge facilities for all passengers are some of the services that add to the experience of the traveler.

The new generation Jet aircraft that is used by Paramount is one of the most advanced and modern jets ever made, translating into exceptional passenger safety. They have a state-of-the-art glass cockpit panels with full colour LCD displays and are completely of fly-by-wire system, offering excellent field performance and outstanding economics. Our aircraft are also equipped with ACARS (Airborne Communication). All Paramount Airway's aircrafts are equipped with Category II low visibility auto-land. This enables the aircraft to land automatically with the use of the Auto-Pilot in very low visibility and adverse conditions also.

Note to editors:
Promoted by Mr. M.Thiagarajan, a Business Management graduate and a qualified pilot with a passion for aviation. Mr. Thiagarajan hails from an illustrious Industrial family from South India that has been pioneers in the field of textile. He is also the Managing Director of M/s. Paramount Mills (P) Ltd., a leading textile manufacturing and exporting company that has a global market presence. Paramount last year won the 'Arch of Europe Award' and the 'Award of Excellence' conferred by the Institute of Economic Studies. The institute also presented Mr. Thiagarajan with the 'Udyog Ratan Award'. Mr. Thiagarajan also won the PRCI 'Young Visionary Award' this year.

For further details:
CR Kannan
Asst.Vice-President
Paramount Airways
Chennai.
044 43909035. 9840295499, kannan@paramountairways.com

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