Chennai based Paramount Airways, one of India's leading domestic premium airlines has signed a memorandum of understanding (MoU) to buy ten A321 aircraft with an option for an additional ten. The agreement was concluded at the 48th Le Bourget air show outside Paris.
Mr M Thiagarajan, Paramount Airways Managing Director said," today marks an important and strategic landmark in our expansion plans and in particular our goal to become a leading international carrier. The Airbus A321 will help us realise these ambitious and attainable goals and we are delighted with our aircraft choice."
With the new aircraft, Paramount Airways will launch international services from South India. The A321s will feature Airbus' newest cabin design offering unrivalled cabin comfort in all classes.
"We are delighted to welcome Paramount Airways as a new customer. Their decision to go with the A321, is a testament to the aircraft's leading position in this sector and also to the partnership between our two companies which we hope will develop long into the future," said John Leahy, Airbus Chief Operating Officer, Customers.
Airbus continues to invest in the A320 Family, around 100 million euros a year in engineering work, introducing enhancements and new technology to maintain its position as the most advanced and fuel-efficient single-aisle aircraft family.
The A320 Family, which includes the A318, A319, A320 and A321, is recognized as the benchmark single-aisle aircraft family. Each aircraft features fly by wire controls and all share a unique cockpit and operational commonality across the range. Over 6,300 Airbus A320 Family aircraft have been sold and almost 3,900 delivered to more than 300 customers and operators worldwide, making it the worlds best selling commercial jetliner ever.
With proven reliability and extended servicing periods, the A320 Family has the lowest operating costs of any single aisle aircraft. Uniquely, the A320 Family offers a containerized cargo system, which is compatible with the world wide standard wide-body system.