Chennai-based Paramount Airways has signed a memorandum of understanding (MoU) with Airbus to buy ten Airbus A321s with an option for ten more at the ongoing 48th Le Bourget air show outside Paris. The deal will be funded by the European central bank.
The new aircraft would be deployed on the international sectors that the airline plans to start soon from south India to West Asia and Far East.
A Paramount Airways release quoting managing director M Thiagarajan said, “It is a strategic landmark in our expansion plans and in particular our goal to become a leading international carrier.”
Speaking to Hindustan Times, Miranda Mills, vice-president, Airbus India, said, “The order is the first green shoot of
recovery of the Indian aviation sector.”