Paramount Airways Limited

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Paramount Airways
IATA ICAO Callsign
QJ PAT PARAMOUNT
FoundedOctober 1986
Commenced operationsApril 1987
Ceased operationsNovember 1989
Fleet size4
Destinations0
HeadquartersBristol Airport, Bristol, United Kingdom
Key peopleJohn Ferriday (Chief Executive)

Paramount Airways Limited was a 1980s 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 in November 1989.

History[edit]

Paramount ordered two new McDonnell Douglas MD-83 airliners, the first was 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]

The company also operated Cessna Citation executive jets as Paramount Executive.

Fleet[edit]

References[edit]

  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. ^ "World Airliner Census". Flight International: 67. 17 December 1988.