| Paramount planning to buy Go Air? |
 |
 |
 |
 As Go Air has previously placed its interest in selling its 45% stakes. That has brought Paramount airways to picture by placing its interest in acquiring the stakes.Paramount airways investors are expressing their interests in buying the stakes and are intialized the process. Sources revealed that Paramount is mostly intent in using parking bays, pilots and other infrastructure of Go Air But Go Air CEO Jeh Wadia completely denied the process taking place, but we will only know it in near future. With five Embraer regional jets, Paramount Airways currently links eight south Indian locations with 52 daily flights. Infact, the way these two low cost airlines operates are also very different. That is Go Air compets with Air Deccan,SpiceJet and IndiGo since all are low cost airlines. But Paramount airlines has competition with Jet Airways and Kingfisher Airlines, since paramount mainly operates as business class and first class seats. In coming days we can expect major competition in the market and see many new things going to happen in the aviation industry.
|