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For devoloping business growth strategy for airline industry i feel the following points should be kept in mind..
1. Pricing..
2. Customer Service & satisfaction..
3. Frequency of flight operations en routed..
4. Time Management..
5. Customer delight..
6. reduction of unwanted expenses..
Build your strategy on a signature cocktail of low costs, low fares, frequent flights and a rapid expansion into new cities (preferably a tourist destination) !!!