Paramount Airways has signed a Memorandum of Understanding to buy 10 Airbus A321s with options for an additional 10.
Paramount’s managing director, M Thiagarajan, commented, “Today marks an important and strategic landmark in our expansion plans and in particular our goal to become a leading international carrier. The Airbus A321 will help us realise these ambitious and attainable goals and we are delighted with our aircraft choice.”
With the new aircraft, Paramount Airways will launch international services from south India. The A321s will join Embraer E-Jets in the airline’s fleet.
The DoD has changed its structures and is been increasing efforts to facilitate access to loans by companies interested in working with artificial intelligence, advanced materials and semiconductors, biotechnology and quantum science.
India has approved millions of dollars in new military purchases, most of which will go to public sector companies.
The main obstacles to overcoming risks in the region are a lack of a strong cybersecurity culture and inadequate funds to invest in this domain given a widespread Chinese presence in the region.
MBDA is adapting to supply chain pressures as the Russian invasion of Ukraine leads to increased demand for armaments.
Despite the additional funding promised this week, the UK armed forces still look set to face cutbacks, and maintaining international commitments to AUKUS and GCAP may limit the options for other programmes.
This week on the Shephard Defence Podcast, senior naval reporter Harry Lye and military training & simulation reporter Norbert Neumann chat with Professor John Louth.
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