It is highly likely that Paramount Airways is going to fly again after more than a year.
The Directorate General of Civil Aviation (DGCA) has granted a conditional No Objection Certification to Paramount Airways for resuming its operations. The certificate has been granted to the Chennai based airline subject to directions of the High Court of Madras. Meanwhile, the airline released a statement, which read, “Paramount Airways, the only all business class airline in the country, received the final approval from the DGCA to resume operations.” It went on to mention that the airline had earlier received approval from the Civil Aviation Ministry for import of 14 aircrafts including Airbus’ A-320s and Bombardier’s Q-400s. Airline operations are expected to commence towards the end of October, and will be centred in and around South India for the time being. However, the DGCA maintains that it is evaluating the Civil Aviation Requirements (CARs).
Paramount Airways, which is aimed at business travellers, had started its operations in October 2005. It was the first airline to introduce the New Generation Embraer 170/190 family series aircraft in India. However, its fleet was de-registered in 2010 following legal hassles between Paramount Airways and the lessors of their Embraer aircraft.
The DGCA suspended the carrier’s scheduled permit in March 2010 as Paramount Airways did not have five aircrafts as required by aviation norms. Three of its Embraer E-175s, leased from GE Capital Aviation Services, were de-registered due to its alleged non-payment of dues. ECC Leasing, which owned two E-170s, also claimed the same issue of non-payment.
The disputes had been legally taken to courts in India and UK; however, Paramount Airways had denied the charges alleged by the lessors.