A collision of two aircrafts was averted at the airport in Chennai after alert air traffic control officials stopped a cargo flight preparing to take off without clearance. According to airport......
A Gujarati jeweller was detained on Monday for allegedly planting a note about hijackers and a bomb in the toilet of a Mumbai-Delhi Jet Airways flight, forcing the plane to make an emergency......
Four bomb threat calls received in quick succession at Delhi and Bengaluru airports forced the aviation authorities to ground three flights, including two international, sending a panic wave among......
Paramount Airlines had started its operations in 2005 and was flying to southern and eastern parts of India before it wound up 2010. The Central Bureau of Investigation on Thursday registered a......
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......
After Air India-Indian Airlines, Jet Airways-Sahara and Kingfisher-Deccan Aviation, another aviation merger is in the air. Madurai-based Paramount Airways is interested in acquiring the......
Kotak Mahindra's private equity fund, India Growth Fund, has picked up a 10 per cent stake in Paramount Airways - the Coimbatore-based start-up, low-cost carrier.Paramount Airways managing director......
Privately-held Paramount Airways, promoted by Madurai-based textile major Paramount Group, claims to be the first among new airlines to break even. "We have been running on operating profit for......