Precision Air
Encyclopedia
Precision Air Services Limited, operating as Precision Air, is the largest airline
in Tanzania
, based in Dar Es Salaam
.
and Uganda
, within the East African
region and Internationally to Comoros
and South Africa
. Its main base is Julius Nyerere International Airport
, Dar es Salaam
with hubs at Kilimanjaro International Airport
and Mwanza Airport
.
, and as of May 2011, is the only airline in the country to pass that audit. Precision Air moved 465,349 passengers in the 2007/08 financial year, which increased to 538,305 in 2008/09.
acquired a 49% stake in the airline, after paying US$2 million, weeks after its rival, South African Airways
acquired a 49% stake in Air Tanzania
. The remaining 51% was retained by Michael Ngaleku Shirima, the founder of the airline.
In October 2011, Precision Air floated 30.35% shareholding in the airline stock, in an IPO
on the Dar es Salaam Stock Exchange (DSE). The anticipated shareholding structure after the offer for subscription will be 58,841,750 shares (30.35 per cent) for the investing public on the DSE, 66,157,350 shares (34.13 per cent) for Kenya Airways Limited and 68,857,650 shares (about 35.52 per cent) to be owned by Michael Shirima, the founder, Chairman of the company and largest shareholder. The estimated US$16.7 million (Tanania shillings-TZS:27.9 billion), will be spent mainly on new aircraft acquision and a small amount on operational expenses.
In November 2011, International press reports indicated that the IPO was only 42.3% subscribed. Since Kenya Airways
did not float any of its shares in the IPO, the shareholding in the airline, when it starts to trade on the DSE on 15 December 2011, will be as depicted in the table below:
{| style="font-size:100%;"
|-
| width="100%" align="center" | Precision Air Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1|| Investing Public on Dar es Salaam Stock Exchange||12.91
|-
|2|| Kenya Airways
||34.13
|-
|3|| Michael Ngaleku Shirima||35.52
|-
|4|| Potential New Investor||17.44
|-
| ||Total||100.00
|-
|}
, Precision Air maintains service to the following destinations:
{|class="wikitable"
|-
|bgcolor=#98FB98 width=20pt align=center| ||Hub
|}
{|class="sortable wikitable toccolours"
!style="background:green;color: white"|City
!style="background:green;color: white"|Country
!style="background:green;color: white" width=50px|IATA
!style="background:green;color: white" width=50px|ICAO
!style="background:green;color: white"|Airport
!style="background:green;color: white" class="unsortable"|Refs
|-
|Bukoba
||||align=center|BKZ||align=center|HTBU||Bukoba Airport
||align=center|
|-
|bgcolor=#98FB98|Dar es Salaam
||||align=center|DAR||align=center|HTDA||bgcolor=#98FB98|Julius Nyerere International Airport
||align=center|
|-
|Entebbe
||||align=center|EBB||align=center|HUEN||Entebbe International Airport
||align=center|
|-
|Johannesburg
||||align=center|JNB||align=center|FAJS||OR Tambo International Airport||align=center|
|-
|Kigoma
||||align=center|TKQ||align=center|HTKA||Kigoma Airport
||align=center|
|-
|bgcolor=#98FB98|Kilimanjaro||||align=center|JRO||align=center|HTKJ||bgcolor=#98FB98|Kilimanjaro International Airport
||align=center|
|-
||Mombasa
||||align=center|MBA||align=center|HKMO||Moi International Airport
||align=center|
|-
||Moroni
||||align=center|HAH||align=center|FMCH||Prince Said Ibrahim International Airport
||align=center|
|-
|Mtwara||||align=center|MYW||align=center|HTMT||Mtwara Airport
||align=center|
|-
|Musoma
||||align=center|MUZ||align=center|HTMU||Musoma Airport
||align=center|
|-
|bgcolor=#98FB98|Mwanza
||||align=center|MWZ||align=center|HTMW||bgcolor=#98FB98|Mwanza Airport
||align=center|
|-
||Nairobi
||||align=center|NBO||align=center|HKJK||Jomo Kenyatta International Airport
||align=center|
|-
|Shinyanga
||||align=center|SHY||align=center|HTSY||Shinyanga Airport
||align=center|
|-
|Zanzibar
||||align=center|ZNZ||align=center|HTZA||Zanzibar International Airport||align=center|
|}
{|class="toccolours" border="1" cellpadding="3" style="border-collapse:collapse"
|+ Precision Air Fleet
|- bgcolor=Green
!rowspan="2" |Aircraft
!rowspan="2" style="width:50px;"|In Service
!rowspan="2" style="width:50px;"|Orders
!rowspan="2" style="width:50px;"|Options
!colspan="3"|Passengers
!rowspan="2"|Notes
|-
|- bgcolor=Green style=color: white;
!style="width:50px;"|C
!style="width:50px;"|Y
!style="width:50px;"|Total
|-
|ATR 42-320
|align=center|2
|align=center|—
|align=center|—
|align=center|0
|align=center|48
|align=center|48
|
|-
|ATR 42-500
|align=center|2
|align=center|—
|align=center|—
|align=center|0
|align=center|48
|align=center|48
|
|-
|ATR 72-500
|align=center|5
|align=center|—
|align=center|—
|align=center|0
|align=center|70
66
|align=center|70
66
|
|-
|Boeing 737-300
|align=center|2
|align=center|—
|align=center|1
|align=center|16
|align=center|100
|align=center|116
|
|-
!Total
!11
!0
!1
!colspan="3"|
|
|}
Airline
An airline provides air transport services for traveling passengers and freight. Airlines lease or own their aircraft with which to supply these services and may form partnerships or alliances with other airlines for mutual benefit...
in Tanzania
Tanzania
The United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...
, based in Dar Es Salaam
Dar es Salaam
Dar es Salaam , formerly Mzizima, is the largest city in Tanzania. It is also the country's richest city and a regionally important economic centre. Dar es Salaam is actually an administrative province within Tanzania, and consists of three local government areas or administrative districts: ...
.
Overview
The airline operates scheduled air services for tourists and business traffic between Dar Es Salaam and Fourteen (14) other airports in Tanzania. It also maintains scheduled service to KenyaKenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
and Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
, within the East African
East African
East African may refer to:*Any person or object of, or pertaining to, East Africa*East African Airlines, an airline based in Kampala, Uganda*East African Safari Air, a now defunct airline based in Kenya*The EastAfrican, a weekly newspaper in East Africa...
region and Internationally to Comoros
Comoros
The Comoros , officially the Union of the Comoros is an archipelago island nation in the Indian Ocean, located off the eastern coast of Africa, on the northern end of the Mozambique Channel, between northeastern Mozambique and northwestern Madagascar...
and South Africa
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
. Its main base is Julius Nyerere International Airport
Julius Nyerere International Airport
Julius Nyerere International Airport -History:The German colonial Government built the first airport in Tanganyika at Kurasini in Temeke District in 1918. It was called Mkeja Airport....
, Dar es Salaam
Dar es Salaam
Dar es Salaam , formerly Mzizima, is the largest city in Tanzania. It is also the country's richest city and a regionally important economic centre. Dar es Salaam is actually an administrative province within Tanzania, and consists of three local government areas or administrative districts: ...
with hubs at Kilimanjaro International Airport
Kilimanjaro International Airport
Kilimanjaro International Airport is the second, albeit small, international airport of Tanzania . It serves the Kilimanjaro area including the cities of Arusha and Moshi near Mount Kilimanjaro, and the international tourism industry based on Mount Kilimanjaro, Arusha National Park, Ngorongoro...
and Mwanza Airport
Mwanza Airport
Mwanza International Airport is a major regional international Tanzanian airport located in Mwanza City, Tanzania . It serves as the main hub for as well as Delavia- Far East Airways and a secondary hub for Precision Air and Air Tanzania....
.
History
Precision Air was established in 1991 and started operations in 1994. It began as a crop sprayer, but expanded to serve the growing tourist market. Scheduled services started in November 1999. In 2006 Precision became the first Tanzanian airline to pass IATA Operational Safety AuditIATA Operational Safety Audit
The IATA Operational Safety Audit programme is an internationally recognised and accepted evaluation system designed to assess the operational management and control systems of an airline. IOSA uses internationally recognised quality audit principles and is designed to conduct audits in a...
, and as of May 2011, is the only airline in the country to pass that audit. Precision Air moved 465,349 passengers in the 2007/08 financial year, which increased to 538,305 in 2008/09.
Ownership
Prior to 2003, Precision Air was privately owned. That year, Kenya AirwaysKenya Airways
Kenya Airways Ltd., more commonly known as Kenya Airways, is the flag carrier and largest airline of Kenya. The company was founded in 1977, after the dissolution of East African Airways. The carrier's head office is located in Embakasi, Nairobi, with its main base at Jomo Kenyatta International...
acquired a 49% stake in the airline, after paying US$2 million, weeks after its rival, South African Airways
South African Airways
South African Airways is the national flag carrier and largest airline of South Africa, with headquarters in Airways Park on the grounds of OR Tambo International Airport in Kempton Park, Ekurhuleni, Gauteng. The airline flies to 36 destinations worldwide from its hub at OR Tambo International...
acquired a 49% stake in Air Tanzania
Air Tanzania
Air Tanzania is the national airline of Tanzania. Its main base is Julius Nyerere International Airport, Dar es Salaam.-History:Air Tanzania Corporation was established on 10 March 1977 after the breakup of East African Airways, which had previously served the region. Flights were started from...
. The remaining 51% was retained by Michael Ngaleku Shirima, the founder of the airline.
In October 2011, Precision Air floated 30.35% shareholding in the airline stock, in an IPO
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
on the Dar es Salaam Stock Exchange (DSE). The anticipated shareholding structure after the offer for subscription will be 58,841,750 shares (30.35 per cent) for the investing public on the DSE, 66,157,350 shares (34.13 per cent) for Kenya Airways Limited and 68,857,650 shares (about 35.52 per cent) to be owned by Michael Shirima, the founder, Chairman of the company and largest shareholder. The estimated US$16.7 million (Tanania shillings-TZS:27.9 billion), will be spent mainly on new aircraft acquision and a small amount on operational expenses.
In November 2011, International press reports indicated that the IPO was only 42.3% subscribed. Since Kenya Airways
Kenya Airways
Kenya Airways Ltd., more commonly known as Kenya Airways, is the flag carrier and largest airline of Kenya. The company was founded in 1977, after the dissolution of East African Airways. The carrier's head office is located in Embakasi, Nairobi, with its main base at Jomo Kenyatta International...
did not float any of its shares in the IPO, the shareholding in the airline, when it starts to trade on the DSE on 15 December 2011, will be as depicted in the table below:
{| style="font-size:100%;"
|-
| width="100%" align="center" | Precision Air Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1|| Investing Public on Dar es Salaam Stock Exchange||12.91
|-
|2|| Kenya Airways
Kenya Airways
Kenya Airways Ltd., more commonly known as Kenya Airways, is the flag carrier and largest airline of Kenya. The company was founded in 1977, after the dissolution of East African Airways. The carrier's head office is located in Embakasi, Nairobi, with its main base at Jomo Kenyatta International...
||34.13
|-
|3|| Michael Ngaleku Shirima||35.52
|-
|4|| Potential New Investor||17.44
|-
| ||Total||100.00
|-
|}
Destinations
{|class="wikitable"
|-
|bgcolor=#98FB98 width=20pt align=center| ||Hub
Airline hub
An airline hub is an airport that an airline uses as a transfer point to get passengers to their intended destination. It is part of a hub and spoke model, where travelers moving between airports not served by direct flights change planes en route to their destinations...
|}
{|class="sortable wikitable toccolours"
!style="background:green;color: white"|City
!style="background:green;color: white"|Country
!style="background:green;color: white" width=50px|IATA
!style="background:green;color: white" width=50px|ICAO
!style="background:green;color: white"|Airport
!style="background:green;color: white" class="unsortable"|Refs
|-
|Bukoba
Bukoba
Bukoba is a town in northwest Tanzania on the western shore of Lake Victoria. It is the capital of the Kagera region. Population estimate: 100,000...
||||align=center|BKZ||align=center|HTBU||Bukoba Airport
Bukoba Airport
Bukoba Airport is an airport in Bukoba, Tanzania ....
||align=center|
|-
|bgcolor=#98FB98|Dar es Salaam
Dar es Salaam
Dar es Salaam , formerly Mzizima, is the largest city in Tanzania. It is also the country's richest city and a regionally important economic centre. Dar es Salaam is actually an administrative province within Tanzania, and consists of three local government areas or administrative districts: ...
||||align=center|DAR||align=center|HTDA||bgcolor=#98FB98|Julius Nyerere International Airport
Julius Nyerere International Airport
Julius Nyerere International Airport -History:The German colonial Government built the first airport in Tanganyika at Kurasini in Temeke District in 1918. It was called Mkeja Airport....
||align=center|
|-
|Entebbe
Entebbe
Entebbe is a major town in Central Uganda. Located on a Lake Victoria peninsula, the town was at one time, the seat of government for the Protectorate of Uganda, prior to Independence in 1962...
||||align=center|EBB||align=center|HUEN||Entebbe International Airport
Entebbe International Airport
Entebbe International Airport is the principal international airport of Uganda.-Location:It is located near the town of Entebbe, on the shores of Lake Victoria, and about from the capital, Kampala...
||align=center|
|-
|Johannesburg
Johannesburg
Johannesburg also known as Jozi, Jo'burg or Egoli, is the largest city in South Africa, by population. Johannesburg is the provincial capital of Gauteng, the wealthiest province in South Africa, having the largest economy of any metropolitan region in Sub-Saharan Africa...
||||align=center|JNB||align=center|FAJS||OR Tambo International Airport||align=center|
|-
|Kigoma
Kigoma
Kigoma is a town and lake port in western Tanzania, on the eastern shore of Lake Tanganyika and close to the border with Burundi. It serves as the capital for the surrounding Kigoma Region and has a population of 135,234 and an elevation of 775 m.The historic trading town of Ujiji is 6 km...
||||align=center|TKQ||align=center|HTKA||Kigoma Airport
Kigoma Airport
Kigoma Airport is an airport in Kigoma, Tanzania .-Scheduled services:...
||align=center|
|-
|bgcolor=#98FB98|Kilimanjaro||||align=center|JRO||align=center|HTKJ||bgcolor=#98FB98|Kilimanjaro International Airport
Kilimanjaro International Airport
Kilimanjaro International Airport is the second, albeit small, international airport of Tanzania . It serves the Kilimanjaro area including the cities of Arusha and Moshi near Mount Kilimanjaro, and the international tourism industry based on Mount Kilimanjaro, Arusha National Park, Ngorongoro...
||align=center|
|-
||Mombasa
Mombasa
Mombasa is the second-largest city in Kenya. Lying next to the Indian Ocean, it has a major port and an international airport. The city also serves as the centre of the coastal tourism industry....
||||align=center|MBA||align=center|HKMO||Moi International Airport
Moi International Airport
Moi International Airport , also Mombasa International Airport, or Mombasa Airport, is an airport in Kenya.-Location:Mombasa Airport, , is located in Mombasa District, Coast Province, in the city of Mombasa, in a township called Port Reitz, in southeastern Kenya, along the Indian Ocean coast.Its...
||align=center|
|-
||Moroni
Moroni
-Places:*Moroni, Comoros, capital of the Comoros on the Grande Comore island.*Moroni, Utah-In the Latter-day Saint movement:*Moroni , a figure portrayed in the Book of Mormon as the son of Mormon and the book's last writer....
||||align=center|HAH||align=center|FMCH||Prince Said Ibrahim International Airport
Prince Said Ibrahim International Airport
Prince Said Ibrahim International Airport is an international airport located in Moroni, Comoros.-Airlines and destinations:- Accidents and Incidents :...
||align=center|
|-
|Mtwara||||align=center|MYW||align=center|HTMT||Mtwara Airport
Mtwara Airport
Mtwara Airport is an airport in Mtwara, Tanzania .- Accidents and incidents :On 27 August 1975, Douglas C-47B 5Y-AAF of East African Airways was damaged beyond economic repair in a landing accident. The aircraft was on a scheduled passenger flight. All 19 people on board survived....
||align=center|
|-
|Musoma
Musoma
Musoma is a city located in northern Tanzania. It is the capital of Mara Region. It has a population of 103,497 . Musoma sits on the eastern edge of Lake Victoria not far from the Kenyan border. There are boats that take you across Lake Victoria from Musoma.- Geography :The town is sited in a...
||||align=center|MUZ||align=center|HTMU||Musoma Airport
Musoma Airport
Musoma Airport is an airport in Musoma, Tanzania .-See also:* List of airports in Tanzania...
||align=center|
|-
|bgcolor=#98FB98|Mwanza
Mwanza
Mwanza is a mid-sized port city on the southern shores of Lake Victoria in northwestern Tanzania. With an urban population of 1.2 million and a metropolitan population of 2 million, it is Tanzania's second largest city, following Dar es Salaam and ahead of other major Tanzanian cities of Arusha,...
||||align=center|MWZ||align=center|HTMW||bgcolor=#98FB98|Mwanza Airport
Mwanza Airport
Mwanza International Airport is a major regional international Tanzanian airport located in Mwanza City, Tanzania . It serves as the main hub for as well as Delavia- Far East Airways and a secondary hub for Precision Air and Air Tanzania....
||align=center|
|-
||Nairobi
Nairobi
Nairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
||||align=center|NBO||align=center|HKJK||Jomo Kenyatta International Airport
Jomo Kenyatta International Airport
-Charter airlines:-Cargo airlines:-Other facilities:The Kenya Civil Aviation Authority has its head office in the KAA Complex on the airport property. African Express Airways has its head office on the airport property...
||align=center|
|-
|Shinyanga
Shinyanga
Shinyanga, also known as Shinyanga mji in the local Swahili language, is a city in northern Tanzania. The city is the location of the regional headquarters of Shinyanga Region as well as the district headquarters of Shinyanga Urban District...
||||align=center|SHY||align=center|HTSY||Shinyanga Airport
Shinyanga Airport
-Location:Shinyanga Airport is located in northern Tanzania, near the city of Shinyanga, approximately , by air, northwest of Julius Nyerere International Airport , the country’s largest civilian and military airport. The geographic coordinates of this airport are:-3° 36' 36.00", +33° 30' 0.00"...
||align=center|
|-
|Zanzibar
Zanzibar
Zanzibar ,Persian: زنگبار, from suffix bār: "coast" and Zangi: "bruin" ; is a semi-autonomous part of Tanzania, in East Africa. It comprises the Zanzibar Archipelago in the Indian Ocean, off the coast of the mainland, and consists of numerous small islands and two large ones: Unguja , and Pemba...
||||align=center|ZNZ||align=center|HTZA||Zanzibar International Airport||align=center|
|}
Fleet
, the Precision Air fleet includes the following aircraft:{|class="toccolours" border="1" cellpadding="3" style="border-collapse:collapse"
|+ Precision Air Fleet
|- bgcolor=Green
!rowspan="2" |Aircraft
!rowspan="2" style="width:50px;"|In Service
!rowspan="2" style="width:50px;"|Orders
!rowspan="2" style="width:50px;"|Options
!colspan="3"|Passengers
!rowspan="2"|Notes
|-
|- bgcolor=Green style=color: white;
!style="width:50px;"|C
!style="width:50px;"|Y
!style="width:50px;"|Total
|-
|ATR 42-320
ATR 42
-Civil operators:The largest operators of the ATR-42 are FedEx Express, Airlinair, TRIP Linhas Aéreas,and Mexico City-based Aeromar respectively. Number of aircraft as of 2010:Some 70 other airlines operate smaller numbers of the type....
|align=center|2
|align=center|—
|align=center|—
|align=center|0
|align=center|48
|align=center|48
|
|-
|ATR 42-500
ATR 42
-Civil operators:The largest operators of the ATR-42 are FedEx Express, Airlinair, TRIP Linhas Aéreas,and Mexico City-based Aeromar respectively. Number of aircraft as of 2010:Some 70 other airlines operate smaller numbers of the type....
|align=center|2
|align=center|—
|align=center|—
|align=center|0
|align=center|48
|align=center|48
|
|-
|ATR 72-500
ATR 72
The ATR 72 is a twin-engine turboprop short-haul regional airliner built by the French-Italian aircraft manufacturer ATR. ATR and Airbus are both built in Toulouse, and share resources and technology...
|align=center|5
|align=center|—
|align=center|—
|align=center|0
|align=center|70
66
|align=center|70
66
|
|-
|Boeing 737-300
Boeing 737
The Boeing 737 is a short- to medium-range, twin-engine narrow-body jet airliner. Originally developed as a shorter, lower-cost twin-engine airliner derived from Boeing's 707 and 727, the 737 has developed into a family of nine passenger models with a capacity of 85 to 215 passengers...
|align=center|2
|align=center|—
|align=center|1
|align=center|16
|align=center|100
|align=center|116
|
|-
!Total
!11
!0
!1
!colspan="3"|
|
|}