Paramount to buy 10 Airbus planes for $1.5 bn

October 4th, 2009 NEW DELHI - Low-cost carrier GoAir Sunday said it wasn't looking at offloading stake as reported in the media, and that it was concentrating on fleet expansion. "The airline has been receiving a number of proposals for investment in the airline which is a testament to the shareholder value being created," GoAir managing director Jeh Wadia said in a statement.

October 3rd, 2009 CHENNAI - Chennai-based business-class airline Paramount Airways Saturday denied reports that it was in talks with GoAir for a takeover. A Paramount spokesperson termed media reports on this as "speculation".

September 17th, 2009 Airbus sees signs of recovery after rocky spellLONDON — Airbus' chief salesman John Leahy said Thursday he is optimistic that the airline industry is recovering — although he warned that financing conditions remain tight. "Recessions begin, they have a middle and an end.

September 9th, 2009 EADS chief calls for talks on WTO disputePARIS — The head of Airbus' parent company says the European jet maker did nothing wrong in a trade dispute with the U.S. over government subsidies, and called for a negotiated settlement with archrival Boeing Co.

July 31st, 2009 PARIS - Two months after the crash of an Air France Airbus A330 into the Atlantic, the France-based aircraft manufacturer is urging companies flying its planes to replace their air speed measurement devices, an Airbus spokesman said Friday. Stephen Schaffrath said all airlines using Pitot tubes manufactured by Thales are concerned by the recommendation, which was drawn up in collaboration with the European Aviation Safety Agency (EASA).

July 31st, 2009 Euro regulators order Airbus sensors replacedBRUSSELS — European air safety regulators told world airlines on Friday they will have to replace hundreds of air speed sensors of the type that may have contributed to the Air France Airbus A330 crash in the Atlantic Ocean in June. The announcement came after Airbus recommended that airlines flying its planes exchange some of the speed sensors manufactured by Thales Corp.

June 22nd, 2009 Virgin Atlantic orders 10 Airbus A330sPARIS — Virgin Atlantic Airways has ordered 10 Airbus A330-300 passenger jets worth more than $2 billion at list prices, Airbus said Monday. The European aircraft manufacturer said Virgin Atlantic will buy six of the the wide-body, twin-engine jets from Airbus and will lease another four from AerCap, the Netherlands-based aircraft leasing company.

June 18th, 2009 Airbus leads Boeing in air show order raceLE BOURGET, France — Airbus remained ahead of archrival Boeing Co. in the hunt for orders at the Paris Air Show on Thursday, when a Hungarian airline said it was interested in buying another 50 of its commercial jets.

June 18th, 2009 Airbus extends air show order lead over BoeingLE BOURGET, France — Airbus extended its lead over archrival Boeing Co. in the hunt for orders at the Paris Air Show on Thursday with the signature of two deals with Chinese and Hungarian airlines.

June 16th, 2009 Boeing confident about new Pentagon tanker bidLE BOURGET, France — Boeing Co. said Tuesday it was confident in its chances to win the rematch with rival Airbus for a multibillion-dollar contract for refueling tankers for the U.S.

June 9th, 2009 Airline chiefs dismiss safety fears over A330 jetsKUALA LUMPUR, Malaysia — Several airline chiefs dismissed safety fears over the Airbus A330 on Tuesday, saying they were confident of the plane's reliability despite last week's Air France jet crash. Emirates airlines President Tim Clark said the Dubai-based company has a fleet of 29 A330-200 planes that have been flying since 1998.

June 4th, 2009 United goes jet shopping with Boeing and AirbusUnited Airlines is on a jet shopping spree, seeking dueling proposals from Boeing and Airbus to replace the biggest jets that make up nearly half of its fleet. If United really takes delivery, the planes will rejuvenate its fleet and signal that the airline may be aiming to stick around for the long-term after years of appearing to be mostly interested in merging with another carrier.

April 27th, 2009 AGARTALA - Chennai-based Paramount Airways has launched its operations Monday connecting the eastern and northeastern region with the southern Indian cities. 'From Monday onwards, the Paramount Airways would operate airbus between Kolkata, Guwahati, Agartala and many southern India cities,' said R.C.

March 25th, 2009 NEW DELHI - European aircraft manufacturer Airbus Industrie has once again initiated talks with India's flagship carrier Air India to sell its jumbo A-380 aircraft, a senior company official said Tuesday. 'Yes, we are in talks with Air India for our A-380 aircraft,' Srinivasan Dwarkanath, head of international cooperation, India and East Asia at Airbus, told IANS on the sidelines of a press meet here.

February 26th, 2009 KOLKATA - After entering the southern and western markets of the country, private carrier Paramount Airways is now planning to launch services to the eastern sector by June. 'We are looking at June to begin operations to and from Kolkata,' the Chennai-based company's managing director M.