It is necessary for the growth of any business to have strong infrastructure and a strategic location. UAE Airline industry automatically has that with UAE becoming the hub of the world and having strategic locations. Not only Europeans, but also Americans, Asians and African come to visit UAE during vacations and, for business opportunities. The UAE Airline industry should further solidify this strength in order to remain the world leader for times ahead. (Uaeinteract.com, 2014)
The Industry should also encourage users to indulge more in air travel and should encourage trade opportunities. Globalization has made this an important market and the UAE airline industry should focus on this market. (Gcaa.gov.ae, 2014)
They should also invest in technology and workforce as identified in SWOT analysis to remain market competitive and continue to grow. This is one thing that the industry is currently lacking. However, the increase in investments in these sectors is definitely going to boom this highly attractive industry.
Economic cooperation is another important market that the industry should not ignore. It will help the industry grow further and achieve its aims. The industry should encourage reforms that cater to economic cooperation and by investing in such a market, the business in the industry will automatically grow and will benefit all the stakeholders and players in the markets. (Rappoza, 2014)
The industry should also be look for a global alliance to reduce the costs. Again, the industry is lacking in major alliances with the airline companies of other countries. By having such alliance it will save the fuel and parking costs and will make the industry more profitable and more attractive for the consumers, investors and people working in this sector. Also government is investing in the industry which is creating a unique environment in the industry that is conducive to growth. Such actions by the aviation should be encourage and it will create an attractive market in the industry.
Needless to say how important is the investment in airplanes and other necessary machinery. The industry should increase the investment and make the industry more strong with more planes and more companies operating in the UAE (Anon, 2014).
Trade services such as courier services and parcel delivery service should also be provided by the industry to investors, businesses and government. Since, there is also a lot of air travel being done in the industry, the setup is already there, and there needs to be new courier system created. This will be an attractive market with the increased need of delivery of goods, documents and other valuables as a result of globalization of the world economy. (Jones, 2012)
Last but not the least, the practice of overcharging in the industry should be avoided as it is making the industry weak as compared to the European and American counterparts. Hence there is a need to work in this area to make the UAE airline industry stronger and profitable.
References
Anon, (2014). [online] Available at: http://www.ijhssnet.com/journals/Vol_2_No_3_February_2012/35.pdf [Accessed 22 Oct. 2014].
Gcaa.gov.ae, (2014). Welcome to UAE General Civil Aviation Authority. [online] Available at: http://www.gcaa.gov.ae/en/pages/default.aspx [Accessed 22 Oct. 2014].
Jones, R. (2012). Aviation Provides Big Lift to UAE Economy. [online] The National. Available at: http://www.thenational.ae/business/industry-insights/aviation/aviation-provides-big-lift-for-uae-economy [Accessed 22 Oct. 2014].
Rappoza, K. (2014). Why UAE And Qatar Have The 'World's Best' Airlines. [online] Forbes. Available at: http://www.forbes.com/fdc/welcome_mjx.shtml [Accessed 22 Oct. 2014].
Uaeinteract.com, (2014). UAE - The Official Web Site - News. [online] Available at: http://www.uaeinteract.com/news/default3.asp?ID=27 [Accessed 22 Oct. 2014].
