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Old Mar 13, 2008 | 5:19 am
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sobore
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Low-cost airline model won’t survive in India
http://sify.com/finance/fullstory.php?id=14621848

Paramount Airways has rejected offers for acquiring low-cost carriers as it strongly feels that this model will not survive in the long run in the country.
“Paramount Airways is keen on acquiring airlines that suits our business model,” said the airline’s Managing Director M. Thiagarajan at a press conference in Chennai today.
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