Paramount's Leading Edge ; M. Thiagarajan Is a Contrarian Who Is Expanding His Fleet and Adding Destinations As Bigger Rivals Do the Reverse. Has Paramount Airways' Growth Reached Its Limit?

Summary

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Plug. And profit. That's what the young M. Thiagarajan decided to do when he expanded his childhood passion of flying into a scheduled airline. He figured that any airline that could plug the gap between the markets served by small turboprop aircraft and the large Boeings and Airbuses stood to gain.

He chose the Brazilian Embraer jets, unknown here at that time, and became the youngest CEO of a scheduled airline at age 27, in 2005. He continued to baffle rivals with initiatives that look equally strange but are money-spinners. (It is easier to fill up the 80-odd seats in the Embraer, and they are cheaper to operate.)

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Paramount's Leading Edge ; M. Thiagarajan Is a Contrarian Who Is Expanding His Fleet and Adding Destinations As Bigger Rivals Do the Reverse. Has Paramount Airways' Growth Reached Its Limit?

Result: his Paramount Airways has been making profits and gaining market share, and doing so even in today' recession. Recently, in June, when many airlines were putting off aircraft orders, Thiagarajan signed a $1.5-billion deal with Airbus Industrie for 10 A321 aircraft with an option for another...

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