GECAS and Celestial Aviation Trading last week rejected Paramount Airways' offer in a Delhi court to pay $1 million daily over 10 days to clear a reported $10 million in overdue fees, casting doubt on the airline's immediate future. India's Business Standard reported that both lessors said a payment plan was unacceptable because they allege that the carrier has "repeatedly reneged from its promise to pay the dues." It leases three E-175s from the two lessors. A Delhi judge asked Paramount ...

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