Paramount grounded flights - what does "M" code stand for
 

Noticed 2 Paramount Airways aircraft (yes, the ones that have been grounded for failure to pay dues or some such thing) at MAA this morning. The aircraft registration codes (usually, VT-PAA, VT-PAB, etc) have been overwritten by a code that reads M-xxxx (xxxx were some stuff I can't remember). Distinctly remember the "M" code, though.

Looked up http://www.travel-images.com/aircraft-registration.html, and funnily, "M" doesn't exist as a code. Any idea what the M stands for?

With Paramount's prevailing fracas with their aircraft financing company, maybe the aircrafts are headed back/ shifting owners now. A standalone 'M' (followed by the remainder of the registration) looks like an Isle of Man aircraft registry.

Oh and looks like they have/ had some Airbus orders on the cards as well. Don't know what happened to that...??

Its the new Isle of Man registry set up a few years ago. It comes under the umbrella of the UK in terms of ICAO conventions.

looks like the end of another airline....farewell paramount....

Terrible news - and they were going to start to fly to BOM as well! :(

Wonder why, in that case, they've ordered 17 new aircraft only last week...and they were planning to start international on similar configuration - 2x2x2...