History
The airline started operations in October 2005 with the company head-quartered in Madurai, also the location of Paramount Textiles. It operated to regional destinations in south and eastern India until early 2010.
The airline ceased operations when legal issues arose between Paramount Airways and the lessors of their Embraer aircraft. These events caused a gradual termination of all services as the fleet was grounded and seized by the leasing companies.
In November 2010, it was announced that Paramount Airways had won their legal battle and were set to resume services with a fleet of Airbus and Bombardier aircraft. Normalisation of the route network was scheduled for December 2010, but did not materialise.
Read more about this topic: Paramount Airways
Famous quotes containing the word history:
“It takes a great deal of history to produce a little literature.”
—Henry James (1843–1916)
“History ... is, indeed, little more than the register of the crimes, follies, and misfortunes of mankind.
But what experience and history teach is this—that peoples and governments have never learned anything from history, or acted on principles deduced from it.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“He wrote in prison, not a History of the World, like Raleigh, but an American book which I think will live longer than that. I do not know of such words, uttered under such circumstances, and so copiously withal, in Roman or English or any history.”
—Henry David Thoreau (1817–1862)