East West had 8 aircraft. Comparing them to 6E or any of the major players now is ridiculous.
You are missing the point. Relative to the size of the market at the time, East West was a major player just like Indigo is today. East West had 9 Boeings (8x737-200, 1x737-400) and 4 F27's. This, at a time when the main competitor was state run Indian Airlines which had 53 aircraft total. Jet Airways had 5 737-300's and a single -500. Much smaller market than it is today.
Kingfisher in 2009 also had close to 35%+ market share after Deccan acquisition when it started falling through. They were a major player then and if you search the posts on this very forum, many of the fanboys then were saying the same things about KF then that we are now hearing about 6E.
6E dumps capacity on almost every route, granted they created many new routes, there has to be a moratorium on domestic flights from BOM, DEL and BLR (and may be even MAA, CCU and HYD) due to congestion unless it is to a destination not served previously. This might help Jet and AI who have hubs in BOM and DEL. When they fly internationally to nearby countries, they fly the same routes - however not a single airline is flying to Malaysia.
But 6E's entire business plan is based on that idea - to dump capacity and force competitors off routes. Unfortunately for them, the competitors are not folding up and yields are in the toilet.
They are cash-rich as of now - but there is only so much money to be sourced from the tax havens in Mauritius, Macau & Isle of Mann. That will run out sooner than the fan boys think. And then what?
This post sounds like the Nokia fan boys pooh poohing at apple in 2007/2008.
I would avoid the personal jibes. They dont contribute to a healthy debate. Let us keep it civil!