Paramount Airways Limited

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Paramount Airways Limited
IATA ICAO Call sign
QJPATPARAMOUNT
Founded8 July 1986
Commenced operations1 May 1987
Ceased operations14 November 1989
Operating bases
Fleet size5
Headquarters Bristol Airport, Bristol, United Kingdom
Key peopleJohn Ferriday (CEO)

Paramount Airways Limited was a British inclusive-tour charter airline based at Bristol Airport. It operated flights from Bristol, Belfast and Birmingham to Mediterranean destinations. [1] The airline entered receivership on 14 November 1989. It also operated Cessna Citation executive jets as Paramount Executive.

Contents

History

A Paramount Airways McDonnell Douglas MD-83 at Faro Airport in 1987 McDonnell Douglas MD-83, Paramount Airways JP52489.jpg
A Paramount Airways McDonnell Douglas MD-83 at Faro Airport in 1987
A Paramount Executive Cessna Citation II at Faro Airport in 1987 Cessna 550 Citation II, Paramount Airways JP6003515.jpg
A Paramount Executive Cessna Citation II at Faro Airport in 1987

Paramount ordered two new McDonnell Douglas MD-83s, with the first one delivered on 24 April 1987 to allow operations to start on 1 May 1987. [2] During the European winter, the airline operated charter flights from Gatwick Airport to Goa. [1] The airline acquired two more MD-83s for the 1988 charter season. [3]

In 1989, the company entered administration with debts of £11 million. It was also under examination by the Serious Fraud Office over the loss of £13.5 million by the Eagle Trust which it had close links and shared a chairman. [4] [5]

Fleet

Paramount Airways operated the following aircraft:[ citation needed ]

AircraftTotalIntroducedRetiredNotes
Boeing 727-100 119891989Leased from American Trans Air
Boeing 737-200 219881989
Boeing 737-300 119891989
McDonnell Douglas MD-83 419871989
Cessna Citation II 119871989Operated as Paramount Executive

See also

References

  1. 1 2 "World Airline Directory". Flight International : 102. 26 March 1988.
  2. ↑ "News scan". Flight International : 5. 25 April 1987.
  3. ↑ "Maraket place". Flight International : 7. 27 February 1988.
  4. ↑ "Paramount buyout considered". Flight International : 5. 9 September 1989.
  5. ↑ Gillian Bowditch. "Offers 'pour in for Paramount'." Times [London, England] 23 Sept. 1989: 19. The Times Digital Archive. Web. 21 April 2014.
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