Paramount Airways
 

Just read that Paramount Airways may be back flying soon. Any body still working for them? and if so, would love to get an update regarding their status.

No way Possible
 

The AO permit of Paramount has been expired. There is no way even if the MOCA or DGCA decides to reinstate the airline because Embraer and GCAS has filed cases against them. IDBI bank has recommended for a CBI enquiry in the High court of chennai in their case against Paramount. According to a senior Personnel in IDBI, they are trying to attach the personal properties of Mr Thyagarajan to recover the 450 crores which they have funded. But as of now Mr Thyagarajan has shifted his properties to his kith & Kin............
There are other nationalized banks which are also wanting a CBI probe.......
Shame on Indian enterpranuers......He started & paved the way for others like Mr.Mallya.......

I heard that they recruited a certain Capt. Y.S. Babu and Capt. Tyagi as their chief pilot and flight ops

There was an advertisement yesterday, they are looking for experienced ATR and 320 pilots, any Idea when they plan on starting operations?

Paramount can never start an airline forget it. Paramount is history. Its like trying to fly with out wings.

Even if it does! & starts recruiting for their fleet, be wary of paying the lakhs of rupees they fleeced from their cadets the last time they were flying. I guess it was 25 lakhs or something for Type for their Embraers & not to forget the extra that had to be paid under the table :\