I don't think that it's a resurrection of the original. Just step back and think about it. Gill is a Sikh name, there are many Sikhs in the Handsworth, Birmingham area (The largest Sikh Temple in Europe is just down the same road from that address). There is an Asian travel agency virtually next 140 Holyhead Road. Put two and two together and you have an airline named after a person called Gill. Simple ain't it.
Mind you, thinking about it, wasn't the original address of Air Sylhet or one of the other duff starts in that immediate area of Holyhead Road?