Precision Air Services Limited, operating as Precision Air, is the largest airline in Tanzania, based in Dar Es Salaam.^[1]

Overview[link]

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 Kenya 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.^[2]

History[link]

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 Audit, 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[link]

Prior to 2003, Precision Air was privately owned. That year, Kenya Airways 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.^[2][3]

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.^[4]

In November 2011, International press reports indicated that the IPO was only 42.3% subscribed.^[5] 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:

Precision Air Stock Ownership

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 Destinations[link] A Precision Air ATR 42 in Kenya. As of March 2012[update], Precision Air maintains service to the following destinations:[6] Hub City Country IATA ICAO Airport Refs Bukoba  Tanzania BKZ HTBU Bukoba Airport [6] Dar es Salaam  Tanzania DAR HTDA Julius Nyerere International Airport [6] Entebbe  Uganda EBB HUEN Entebbe International Airport [6] Johannesburg  South Africa JNB FAJS OR Tambo International Airport [6] Kigoma  Tanzania TKQ HTKA Kigoma Airport [6] Kilimanjaro  Tanzania JRO HTKJ Kilimanjaro International Airport [6] Mombasa  Kenya MBA HKMO Moi International Airport [6] Moroni  Comoros HAH FMCH Prince Said Ibrahim International Airport [6] Mtwara  Tanzania MYW HTMT Mtwara Airport [6] Musoma  Tanzania MUZ HTMU Musoma Airport [6] Mwanza  Tanzania MWZ HTMW Mwanza Airport [6] Nairobi  Kenya NBO HKJK Jomo Kenyatta International Airport [6] Shinyanga  Tanzania SHY HTSY Shinyanga Airport [6] Zanzibar  Tanzania ZNZ HTZA Zanzibar International Airport [6] Harare  Zimbabwe HRE FVHA Harare International Airport [7] Fleet[link] As of August 2011[update], the Precision Air fleet includes the following aircraft:[8] Precision Air Fleet Aircraft In Service Orders Options Passengers Notes C Y Total ATR 42-320 2 — — 0 48 48 ATR 42-500 2 — — 0 48 48 ATR 42-600 0 4[9] — ? ? ? ATR 72-500 5 — — 0 70 66 70 66 ATR 72-600 0 1 — ? ? ? Boeing 737-300 2 — 1 16 100 116 Total 11 5 1 Accidents and incidents[link] According to Aviation Safety Network, as of April 2012[update] Precision Air records three accidents/incidents. [10] 26 July 1999: A Let L-410UVP-E9, tail number 5H-PAB, made a belly landing in Arusha Airport on a training flight while doing touch and go. The 2 crew and 3 passengers were not injured.[11] 16 November 2004: A Let L-410UVP-E20, tail number 5H-PAC, crash landed while on a training flight in Kilimanjaro Airport. The two pilots, who had not put on their shoulder straps, sustained facial injuries.[12] 8 July 2007: An ATR 72-212, tail number 5H-PAR, The aircraft had a runway excursion on landing at Jomo Kenyatta International Airport runway 06. It veered off to the right went over a ditch and came to a stop on Taxiway F. The nose wheel collapsed. The four crew and 62 passengers were not injured. The aircraft was substantially damaged. The probable cause of this accident was power asymmetry during application of reverse thrust on landing. The control levers were jammed in one position.[13] References[link] ^ "Contacts." Precision Air. Retrieved on 25 May 2011. "Head office : Along Nyerere/Pugu Road P.O Box 70770 Dar-es-Salaam, Tanzania East Africa." ^ a b "Directory: World Airlines". Flight International: p. 65. 2007-04-10.  ^ Kenya Airways To Buy 49% of Precision Air ^ Precision Air Goes Public In IPO on DSE ^ Results of Precision Air IPO ^ a b c d e f g h i j k l m n o "Precision Air". Precision Air. http://www.precisionairtz.com/. Retrieved 11 November 2011.  ^ Precision Air Begins Service To Harare ^ The Fleet of Precision Air ^ "Tanzania’s Precision Air Services signs contract for 5 ATR -600s". http://www.atraircraft.com/newsroom/press-releases-details-1169-en.html.  ^ "Accident record for Precision Air". Aviation Safety Network. http://aviation-safety.net/database/operator/airline.php?var=7328. Retrieved 8 April 2012.  ^ Accident description for 5H-PAB at the Aviation Safety Network. Retrieved on 8 April 2012. ^ Accident description for 5H-PAC at the Aviation Safety Network. Retrieved on 8 April 2012. ^ Accident description for 5H-PAR at the Aviation Safety Network. Retrieved on 8 April 2012. External links[link] Wikimedia Commons has media related to: Precision Air Tanzania portal Companies portal Aviation portal Precision Air Homepage Kenya Airways Homepage Precision Air Launches Frequent Flyer Program v t e Members of the African Airlines Association (AFRAA) Aero Contractors Afriqiyah Airways Air Algérie Air Botswana Air Burkina Air Burundi Air Ivoire Air Madagascar Air Malawi Air Mauritius Air Namibia Air Sénégal International Air Seychelles Air Tanzania Air Zimbabwe Antrak Air EgyptAir Eritrean Airlines Ethiopian Airlines Ghana International Airlines Interair South Africa Kenya Airways LAM Mozambique Airlines Libyan Airlines Nasair Nigerian Eagle Airlines Precision Air Royal Air Maroc South African Airways South African Express Sudan Airways TAAG Angola Airlines Toumaï Air Tchad Tunisair v t e Members of the International Air Transport Association   Africa regional office Air Austral Air Madagascar Air Malawi Air Mauritius Air Namibia Air Nigeria Air Seychelles Air Zimbabwe Airlink ALS Arik Air Comair Ethiopian Airlines Interair South Africa Kenya Airways LAM Mozambique Airlines Precision Air Safair South African Airways South African Express TAAG Angola Airlines TACV   Asia-Pacific regional office Air India Air New Zealand Air Niugini Air Pacific Air Tahiti Air Tahiti Nui Air Vanuatu Aircalin All Nippon Airways Asiana Airlines Bangkok Airways Biman Bangladesh Airlines Continental Micronesia Garuda Indonesia Japan Airlines Jet Airways JetLite Kingfisher Airlines Korean Air Malaysia Airlines Nippon Cargo Airlines Pakistan International Airlines Philippine Airlines Qantas Royal Brunei Airlines SilkAir Singapore Airlines Singapore Airlines Cargo SriLankan Airlines Thai Airways International V Australia Vietnam Airlines Virgin Australia   China and North Asia regional office Air China Air Koryo Air Macau Cathay Pacific China Airlines China Cargo Airlines China Eastern Airlines China Southern Airlines Dragonair EVA Air Hainan Airlines Hong Kong Airlines Hong Kong Express Airways MIAT Mongolian Airlines Shandong Airlines Shanghai Airlines Shenzhen Airlines Sichuan Airlines TransAsia Airways Xiamen Airlines   Europe regional office Adria Airways Aegean Airlines Aer Lingus Aigle Azur AirBaltic Air Berlin Air Europa Air France Air Malta Air Nostrum Air One Alitalia Arkia Israel Airlines Atlasjet Austrian Airlines B&H Airlines Belle Air Binter Canarias Blue Panorama Airlines Blue1 British Airways British Midland International Brussels Airlines Bulgaria Air CAL Cargo Air Lines Cargolux Carpatair CCM Airlines Cimber Sterling Cirrus Airlines CityJet Condor Corsairfly Croatia Airlines Cyprus Airways Czech Airlines DHL Air UK Dubrovnik Airline El Al Estonian Air EuroAtlantic Airways European Air Transport Leipzig Eurowings Finnair Flybe Freebird Airlines Hahn Air Iberia Icelandair Israir Airlines Jat Airways KLM Lauda Air LOT Polish Airlines Lufthansa Lufthansa Cargo Lufthansa CityLine Luxair Malmö Aviation Martinair Meridiana Fly Montenegro Airlines Olympic Air Onur Air Pegasus Airlines Portugália Scandinavian Airlines SATA Air Açores Sky Airlines Skyways SunExpress Swiss International Air Lines TAP Portugal TAROM THY Turkish Airlines TNT Airways TUIfly Virgin Atlantic Airways White Airways Widerøe   Latin America and the Caribbean regional office Aerolíneas Argentinas Aeroméxico Air Jamaica Austral Líneas Aéreas Avianca Caribbean Airlines Copa Airlines Copa Airlines Colombia Cubana de Aviación Insel Air Lacsa LAN Airlines LAN Argentina LAN Cargo LAN Ecuador LAN Perú MasAir PLUNA Surinam Airways TACA Airlines TACA Peru TAM Airlines TAM Airlines (Paraguay) TAME Volaris VRG Linhas Aéreas S.A.   Middle East and North Africa regional office Afriqiyah Airways Air Algérie AlMasria Universal Airlines Bahrain Air DHL International Aviation ME EgyptAir Emirates Etihad Airways Gulf Air Iran Air Iran Aseman Airlines Jazeera Airways Jordan Aviation Kam Air Kish Air Kuwait Airways Libyan Airlines Mahan Air Middle East Airlines Nouvelair Oman Air Pamir Airways Qatar Airways Royal Air Maroc Royal Jordanian Safi Airways Saudia Sudan Airways Syrian Air Tunisair Wataniya Airways Yemenia   North America regional office Air Canada Air Transat Alaska Airlines American Airlines Atlas Air Cargojet Airways Delta Air Lines FedEx Express Hawaiian Airlines JetBlue Airways United Airlines UPS Airlines US Airways   Russia and the CIS regional office Aeroflot Aerosvit Airlines Air Astana Air Moldova Armavia Azerbaijan Airlines Belavia Donavia Georgian Airways Nordavia Rossiya S7 Airlines Transaero Airlines Ukraine International Airlines UTair Aviation Vladivostok Air Volga-Dnepr Airlines v t e Commercial air travel Airlines Airline codes Airline holding companies Charter airlines Low-cost airlines Passenger airlines Regional airlines Alliances Oneworld SkyTeam Star Alliance Trade groups AACO AAPA AEA AFRAA ATA ATAG ELFAA ERA IATA IATAN ICAO ISTAT RAAA Airliner Travel class Aviation First Business Premium Economy Economy Aircraft lavatory Aircraft seat map Airline meal Airline seat Airsickness bag Buy-on-board In-flight entertainment Inflight smoking Airport Aerodrome Airline hub Airport check-in Airport lounge Airport security Airport terminal Airstair Jet bridge Boarding Gate Domestic airport International airport Regional airport Runway Aircrew Captain First Officer Loadmaster Flight engineer Pilot Purser Second Officer Third Officer Deadheading Flight attendant Customs / immigration Arrival card (Landing card) Border control Departure card Passport Travel document Environmental impact Impact on climate and environment Hypermobility Luggage Bag tag Baggage allowance Baggage carousel Baggage cart Baggage claim Baggage handler Checked baggage Hand luggage Lost luggage Luggage lock Baggage handling system Safety Air traffic control (ATC) Aircraft safety card Airline security Airport authority Airport police Flight recorder National aviation authority Overwing exits Pre-flight safety demonstration Sky marshal Ticketing Airline Reservations System Airline ticket Airline timetable Bereavement flight Boarding pass Codeshare agreement Continent pass Electronic ticket Flight delay Flight cancellation Frequent-flyer program Government contract flight One way travel Open-jaw ticket Red-eye flight Round-the-world ticket Standby Travel agency Travel website Warsaw Convention