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 14 November 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 24 April 1987 to allow operations to start on 1 May 1987. During the European winter, the airline operated charter flights from Gatwick Airport to Goa. The airline acquired two more MD-83s for the 1988 charter season.
In 1989, the company entered administration with debts of ã11 million. It was also under examination by the Serious Fraud Office over the loss of ã13.5 million by the Eagle Trust which it had close links and shared a chairman.
Paramount Airways operated the following aircraft: