Paramount ended up with both of the AmberAir 737-200s and their own 737-300 (G-PATE) which was based at Newcastle. They had four MD83s as well in that final year in which their bank account was emptied and ILG had to prop them up to complete the summer flying programme rather than see the airline collapse mid-way through the summer.
GB Airways leased a 737 from Britannia for a weekly Gibraltar flight for many years through the mid 1980s before they obtained their own 737-200s and the relationship with BA really moved on. It made substantial money for a few years but the timing of the sale by Bland Group to easyJet was probably one of the better outcomes in aviation history for airline owners. They got out at a good time just before the market chaos, fuel prices and mass bankruptcies that followed in 2008. It was certainly one of the more astute pieces of Gatwick history, especially when compared to the likes of BIA turning down a take-over offer from Air Europe largely based on the value of Gatwick slots, only for BIA to fail within 18 months.