Financial Daily from THE HINDU group of publications
Thursday, Apr 13, 2006
Financial Daily from THE HINDU group of publications Thursday, Apr 13, 2006 |
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Airlines States - Tamil Nadu Paramount Airways to set up hangar in Chennai Our Bureau
Chennai , April 12 Paramount Airways plans to set up maintenance, repair and overhaul (MRO) hangar in Chennai, according to Mr M. Thiagarajan, Managing Director, Paramount Airways. He said Paramount Airways has been allotted 10,000 sq. ft space in Chennai airport for the hangar, which would cost about $40 million. This MRO would take about 16 months to come up and would cater to other airlines also, he said. The airline has a hangar in Coimbatore. The airline, which has two Embraer aircraft, will be taking delivery of one aircraft a month for the next 20 months, Mr Thiagarajan said. The list price of the Embraer 170 series is about $37 million. Mr Thiagarajan said that the airline has come out with an action plan for the South and would operate to all the airports in the southern region. Madurai was added to the network on April 11. He said that the airline would expand to Bangalore and Hyderabad from April 19. It has come out with competitive fares on the Chennai-Bangalore sector, which starts from Rs 1,299, and on the Chennai - Hyderabad route at Rs 1,999. The airline has also introduced the Web-check in facility.
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