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The Group is headed today by NRI businessman Nasiruddin Wahid and his brother, the Bombay-based Faisal Wahid who while maintaining their positions as leading travel agents and businessmen with substantial stakes in several companies, plan to re-launch their airline sometime this year upon permission from the Civil Aviation Authorities in India. Faisal Wahid has been quoted as saying that East-West Airlines plans to re-launch operaions as a Low-cost Airline to compete with the numerous airlines that have come up in India 's mushrooming aviation sector. The Airline also plans a new corporate identity to distance itself with East-West Airlines that was notoriously hounded by its alleged connections to the underworld. The Group's Chairman Nasiruddin Wahid has said at a press conference in Bahrain that the Wahid family along with their investors are putting together a $2 billion re-launch program that will span a period of 5 years as they try to re-penetrate the Indian aviation market. |
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