- East-West Group
The East-West Group is a
Bombay -based business house run by the Wahid family with specific interests in aviation and the travel industry. The East-West Group ran and operatedEast-West Airlines , India's first private airline that started operations in 1993. The airline subsequently folded up in 1996 after the assassination of its Managing DirectorThakiyudeen Wahid due to Bombay underworld rivalries in 1995.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 alow-cost airline to compete with the numerous airlines that have come up inIndia 's mushrooming aviation sector. Theairline also plans a new corporate identity to distance itself withEast-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 inBahrain 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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