I always try to fly out of Madurai using Paramount; You can always notice that a Jet flight starts at almost same time as Paramounts departure time; And Paramount is not expensive compared to Jet Airways. Fare is almost same, but definetly expensive compared to Air Deccan. But then, we are not comparing apples and lemons.
Things I like in Paramount:
1) 30 kg Check-in baggage per adult(Only IC offers this benefit)
2) Embraer 175 flights which has better seat quality and more space than Jet Airways;
3) The food provided is something that no airline has provided so far in Economy class; Quality and Quantity of Food is excellent; They serve food in Porcelain dishes and not cheap plastic plates which other airlines extend;
I would consider Paramounts Business Class as Economy Class as they dont have Economy Class; And the fare is one similar to Jet Airways Economy Class;
Note: Once the preferred food was over when my turn came and I fussed a bit and got an excellent Continental dish they had which was much better;
My Problem with Paramount: There is no Loyalty Program; I would love to enrol with them when they start. That would be one more reason to fly Paramount.