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:
“We said that the history of mankind depicts man; in the same way one can maintain that the history of science is science itself.”
—Johann Wolfgang Von Goethe (1749–1832)
“In history an additional result is commonly produced by human actions beyond that which they aim at and obtain—that which they immediately recognize and desire. They gratify their own interest; but something further is thereby accomplished, latent in the actions in question, though not present to their consciousness, and not included in their design.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“The history of reform is always identical; it is the comparison of the idea with the fact. Our modes of living are not agreeable to our imagination. We suspect they are unworthy. We arraign our daily employments.”
—Ralph Waldo Emerson (1803–1882)