NEWS| Paramount may buy 8 turboprop planes for up to $250 million

Chennai-based full business class airline Paramount Airways Ltd could be the only Indian carrier to place orders for planes at the five-day Dubai Air Show that ends on 19 November.

The airline plans to sign an agreement to buy at least eight turboprop planes at an estimated cost of $230-250 million (around Rs1,070-1,163 crore).
Turboprop planes are manufactured by Canada’s Bombardier Inc. and Airbus SAS subsidiary ATR.
These small planes, with seat capacity ranging from 40 to 70, will be deployed to connect smaller cities such as Cooch Behar (West Bengal), Agatti (Lakshadweep Islands), Salem and Tuticorin (both in Tamil Nadu). Bigger planes in Paramount’s fleet, including five Embraer aircraft made by Brazil’s Empresa Brasileira de Aeronáutica SA, cannot land on the airport runways in these cities.

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