Paramount has a new CEO...Same O' Same O'?
Join Date: May 2004
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Paramount
Anything new with company. I heard their planes are sitting on the ground because they don't have any crews. are they going to be around or will they close down soon. I did hear that they have alot of money backing them up as the owner also own a bank. any truth to that. they have orders for up to 15 EMB-170 and 175 and 195. why is no onw joinning them. any inside info.
Join Date: Feb 2003
Location: Clear the rwy...im comin in!!!!
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I would love to know how the company is doing presently?? Anyone care to enlighten the current situation???
The Embraer 175,170 r beautiful aircrafts!!!
cheers
The Embraer 175,170 r beautiful aircrafts!!!
cheers
Join Date: May 2005
Location: India
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I did hear that they have alot of money backing them up as the owner also own a bank
Paramount (Callsign : Paraway) is run by a group which is highly into textile business..
Its true that most of the flight crew have left the airline or are leaving but also heard that they got some indian f/os (trainees). The figures are a bit unclear but they're carrying good loads and a lot of advertisement campaigns.
No idea about the new CEO though
Join Date: Aug 2006
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Owned by same promoters as behind Thiagarajar Mills. The Indian spinning industry has had a seriously bad year, with high cotton prices, unfavourable exchange rate of the INR vs USD (has eased more recently) and a massive build-up of (excess) capacity 2006 - 2007, due to misuse of government support schemes.
It would be doubtful if the parent textile operation were flush with cash at this moment.
It would be doubtful if the parent textile operation were flush with cash at this moment.
