| Airline: | Paramount Airways Limited |
| Iata: | QJ |
| Icao: | PAT |
| Callsign: | PARAMOUNT |
| Founded: | July 8, 1986 |
| Commenced: | May 1, 1987 |
| Ceased: | November 14, 1989 |
| Key People: | John Ferriday (CEO) |
| Headquarters: | Bristol Airport, Bristol, United Kingdom |
| Bases: | |
| Fleet Size: | 5 |
Paramount Airways Limited was a British inclusive-tour charter airline based at Bristol Airport. It operated flights from Bristol, Belfast and Birmingham to Mediterranean destinations. The airline entered receivership on November 14, 1989. It also operated Cessna Citation executive jets as Paramount Executive.
Paramount ordered two new McDonnell Douglas MD-83s, with the first one delivered on April 24, 1987 to allow operations to start on May 1, 1987.[1] During the European winter, the airline operated charter flights from Gatwick Airport to Goa.[2] The airline acquired two more MD-83s for the 1988 charter season.[3]
In 1989, the company entered administration with debts of £11 million, it was also under examination by the Serious Fraud Office over the loss of £13.5 million by the Eagle Trust which it had close links and shared a chairman.[4] [5]
Paramount Airways operated the following aircraft:[6]
| Aircraft | Total | Introduced | Retired | Notes |
|---|---|---|---|---|
| Boeing 727-100 | 1 | 1989 | 1989 | Leased from American Trans Air |
| Boeing 737-200 | 2 | 1988 | 1989 | |
| Boeing 737-300 | 1 | 1989 | 1989 | |
| McDonnell Douglas MD-83 | 4 | 1987 | 1989 | |
| Cessna Citation II | 1 | 1987 | 1989 | Operated as Paramount Executive |