Paramount Airways hits lenders wall for operations' restart

CNBC-TV18 learns that Paramount Airways has hit a wall as far as re-starting operations are concerned as lenders want their dues repaid first and have approached the regulator, Director General of Civil Aviation (DGCA) for the same.

According to government sources Paramount has applied to restart operations  two weeks back but no call has been taken on it. DGCA had suspended Paramount's license in April 2010.