Its hub was Chennai International Airport[1] and was the first airline in India to launch the New Generation Embraer 170/190 Family series aircraft.

[3] In November 2010, it was announced that Paramount Airways had won their legal battle and were set to resume services with a fleet of Airbus and Bombardier aircraft.

[5] Paramount renewed its operating licence from the DGCA in the same month and planned to start afresh, initially concentrating on its earlier stronghold of the southern Indian states and also Mysore, Tuticorin and Puducherry.

[8] On 6 May 2016, The CBI has registered a case against promoters of Paramount Airways on allegations of defrauding, diverting loan amount, and cheating public sector banks.

Searches were being carried out at seven locations at Chennai and Madurai, including residential and office premises of its promoter Thyagrajan and the company functionaries.