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Paramount Airways has got recognition from the Institute of Economic Studies for its performance in the current economic slowdown in a ceremony at Hyderabad.

Former Deputy Prime Minister of Thailand Korn Dabbaransi presided as the chief guest at the award presentation.

The Glory of India award was bestowed upon M Thiagarajan, managing director Paramount Airways, for his contribution towards the Indian civil aviation industry and the company also received the Gold Medal for coming out victoriously from tough economic challenges.

Speaking on the occasion, Thiagarajan said these two awards were recognition of the successful business model of the company.'We will continue to raise the bar of excellence and provide innovative services to passengers,' he said. Paramount Airways flies to across 16 destinations across India and operates 72 flights daily carrying over 3,600 passengers everyday.

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