Paramount Airways might be revived with lawsuit money

A revival of Paramount Airways might happen, with a British court reportedly awarding it Rs 1,650 crore (Rs 16.5 billion) as compensation in a lawsuit. The airline, grounded by the......

Boeing gives Jet Airways a helping hand

'Boeing has returned some cash to the airline which will help it improve the current liquidity crisis.'Arindam Majumder and Aneesh Phadnis report. Several long-term business partners of Jet......

Low-cost carriers fly high on capacity

Low-cost air carriers GoAir, IndiGo and SpiceJet are adding aircraft and capacity this financial year, whereas their full-service peers would be holding back on expansion. Kingfisher Red and......

Paramount to pay $5.25 mn to UK firm

Paramount Airways, whose operations have been affected by a dispute over leasing of three aircraft, on Thursday offered to pay $5.25 million within six months to the UK-based lessor in the Supreme......