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 Plans are being made by Paramount airways to gain in more aircraft into its fleet. The airlines have got in touch with Brazilian government in order to buy 40 more Embraer jets to increase its fleet to already existing 15 Embraer jets. Brazil president who visited India recently, will be co-operating in bringing up a maintenance, repair and overhaul (MRO) facility in India for Paramount's Brazil-built Embraer fleet.
"We plan to have a national footprint by 2011 after our fleet acquisition plan gets completed," Mr. Thiagarajan said.
The order set for buying the 40 jets may cost almost 2 billion US dollars.
But there is another news rounding up in the lines about Paramount wanting to buy Go Air stakes, but Mr. Thiagarajan said "I do not want a dialogue through the media. Paramount is looking for acquiring an airline as it will give us access to infrastructure, parking bays, ground facilities, airport counters and other facilities and help us consolidate our position," indicating that they are on the move to buy stakes in another airlines to get their presence felt in Northern region of India and expand their airlines travel whole over India.
In January Paramount airways started new services in 2007 which increased their daily flights to 42 across 6 destinations.
Banking sources lightly revealed that Rs 500 crore may be spent to obtain Go air, but no news has yet been confirmed.
With this stakes purchasing plans, Indian aviation have seen major deals happening between airlines and may also see more deals taking place soon.
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