Paramount Airways Limited

Paramount Airways Limited
IATA ICAO Call sign
QJ PAT PARAMOUNT
FoundedJuly 8, 1986
Commenced operationsMay 1, 1987
Ceased operationsNovember 14, 1989
Operating bases
Fleet size5
HeadquartersBristol 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 November 14, 1989. It also operated Cessna Citation executive jets as Paramount Executive.

History

A Paramount Airways McDonnell Douglas MD-83 at Faro Airport in 1987
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 April 24, 1987 to allow operations to start on May 1, 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:[6]

Aircraft Total Introduced Retired Notes
Boeing 727-100 1 1989 1989 Leased from American Trans Air
Boeing 737-200 2 1988 1989
Boeing 737-300 1 1989 1989
McDonnell Douglas MD-83 4 1987 1989
Cessna Citation II 1 1987 1989 Operated as Paramount Executive

See also

References

  1. ^ a b "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 Apr. 2014.
  6. ^ "Paramount Airways Fleet Details and History". Planespotters.net. Retrieved 12 June 2023.
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