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Indian Start-up Paramount Leasing Five Embraers

 - December 13, 2006, 9:13 AM

Indian start-up airline Paramount Airways signed a pair of preliminary agreements yesterday to lease two 70-seat Embraer 170s and three 75-seat Embraer 175s. Under the contracts, Paramount will take the two 170s directly from Embraer “later this year.” One of six new Indian airlines scheduled to start service this year, Paramount will lease the three 175s, configured in a dual-class, 75-seat cabin layout, from GE Capital Aviation Services.

Based in Coimbatore, southern India, Paramount markets itself as a full-service airline, with direct flights to secondary cities and feeder service into big metropolitan airport