Paramount Airways Limited

Paramount Airways
IATA ICAO Callsign
QJ PAT PARAMOUNT
Founded October 1986
Ceased operations November 1989
Fleet size 4
Destinations 0
Headquarters Bristol Airport, Bristol, United Kingdom
Key people John 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

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

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 Apr. 2014.
  6. ↑ "World Airliner Census". Flight International: 67. 17 December 1988.
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