The Chennai-based Paramount Airways is hopeful of operating all its scheduled flights from Tuesday.
High Court Order
The airline late on Monday issued a statement that the Delhi High Court had given a “favourable” order against the decision of the Directorate-General of Civil Aviation (DGCA) to de-register three of the airlines' five aircraft. “The Court has asked DGCA to set aside the de-registration immediately and allow resumption of flights using the three de-registered aircraft,” the statement adds.
3 planes deregistered
Last Friday, the DGCA had de-registered three aircraft that forced the airline to cancel a number of flights. The decision to de-register the aircraft was taken after GECAS, the lessor of the aircraft, claimed that the airline had defaulted on payment of lease charges.
$15-m deposit
The Paramount statement, which states that the airline had earlier received a favourable verdict in the London High Court, adds that it had paid a $15-million deposit to GECAS.
Bookings hit
Soon after the aircraft were de-registered the airline stopped accepting bookings for a number of sectors including Bangalore, Visakhapatnam and Coimbatore. The airline, which took to the skies in October 2005, flies to 16 destinations across the country and operates 72 daily flights..
Till late Monday evening there was no response from the authorities about when the airlines' aircraft would be re-registered and allowed to begin normal operations.
Source: The Hindu Business Line
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment