Indian carrier Paramount signs MoU for 10 Airbus A321 aircraft

19 June 2009

Leading regional Indian carrier, Chennai-based Paramount Airways, has signed a memorandum of understanding (MoU) with Airbus to buy ten A321 aircraft with an option for an additional ten. An announcement was made at the 48th Le Bourget air show at Paris.

M Thiagarajan, Paramount Airways managing director said,'' today marks an important and strategic landmark in our expansion plans and in particular our goal to become a leading international carrier. The Airbus A321 will help us realise these ambitious and attainable goals and we are delighted with our aircraft choice.''

The new aircraft will allow Paramount Airways to launch international services from the southern cities of India where its operations are primarily based.

The A321s will feature Airbus' newest cabin design offering unrivalled cabin comfort in all classes.

 ''We are delighted to welcome Paramount Airways as a new customer. Their decision to go with the A321, is a testament to the aircraft's leading position in this sector and also to the partnership between our two companies which we hope will develop long into the future,'' said John Leahy, Airbus chief operating officer, customers.

 Airbus continues to invest in the A320 Family, around 100 million euros a year in engineering work, introducing enhancements and new technology to maintain its position as the most advanced and fuel-efficient single-aisle aircraft family.