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Precision Air

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Precision Air
IATA ICAO Call sign
PW PRF PRECISION AIR[1]
Founded1991
Commenced operationsNovember 1993[2]
AOC #TCAA/AOC/003
HubsDar es Salaam
Secondary hubsKilimanjaro[3]
Frequent-flyer programPAA Royal
Fleet size8
Destinations13
Traded asDSE: PAL
HeadquartersDar es Salaam, Tanzania
Key people
RevenueIncrease TSh 117,756 million (US$50 million) (FY 2022)[4]
ProfitIncrease TSh −30,139 million (US$−12.8 million) (FY 2022)[4]
Employees393 (2022)[4]
Websitewww.precisionairtz.com

Precision Air Services Plc (operating as Precision Air; DSE:PAL) is a Tanzanian airline based at Julius Nyerere International Airport in Dar es Salaam.[5] The airline operates scheduled passenger services to Nairobi and Comoros; and to various airports and airstrips in Tanzania.[6] Kenya Airways owns 41.23% of the airline.

History

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Precision Air was incorporated in Tanzania in January 1991 as a private airline and started operations in 1993.[2] At first, it operated as a private charter air transport company but in November 1993 changed to offer scheduled services to serve the growing tourist market.[2][7]

In 2006, Precision Air became the first Tanzanian airline to pass the IATA Operational Safety Audit.[8]

In April 2011, the airline became a public company.[2]

Corporate affairs

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Ownership

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Precision Air was privately owned until 2003, when Kenya Airways acquired a 49 percent stake, paying US$2 million, weeks after its rival South African Airways acquired a 49 percent stake in Air Tanzania for US$20 million. The remaining 51 percent was retained by Michael Shirima, the founder of the airline.[9][10]

In October 2011, Precision Air floated shares in its stock in an initial public offering on the Dar es Salaam Stock Exchange, after which Shirima's and Kenya Airways's stakes declined and the new share subscribers owned 15.86 percent.[11] As of 31 March 2016, the major shareholders were:[12]: 7 

Name No. of Shares Interest
Michael Shirima 68,857,650 42.91%
Kenya Airways 66,157,350 41.23%
Precision Air Employee Share Option Scheme 1,765,300 1.10%
Other shareholders 23,689,500 14.76%
Total 160,469,800 100.00%
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Because it was a private company until 2011, published figures were not generally available before the initial public offering prospectus[2] of 12 September 2011. Since then, full Annual Reports and Accounts have been published. (As of December 2021, however, those for 2019 and 2020 are still awaited.)[citation needed]

Available trends over recent years for the Precision Air group (Precision Air Services Plc and its subsidiaries Precision Handling Limited and Precise Systems Limited) (as at year ending 31 March) are:

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Turnover (TSh million) 57,988 84,344 92,493 113,606 163,061 181,358 141,262 105,400 90,751 79,756 97,108
Profits (PBT) (TSh million) 5,671 2,818 1,924 2,159 1,841 −30,812 −11,400 -83,900 −91,676 −26,941 −21,099 −31,861
Number of employees 576 657 704 717 608 536 509 436 356 405
Number of passengers ('000) 465 538 667 825 896 688 452 375 409 474 481
Passenger load factor (%) 64 58 62 65 59 52 52 55 52
Number of aircraft (at year end) 10 10 11 12 10 10 10 10 10 7
Notes/sources [2] [2] [2] [13] [13][14] [15] [16] [17] [12]: 2  [18] [18] [19][20]

Published reports in June 2013 indicated that Precision Air had encountered substantial financial difficulties, stemming in part from losses incurred while operating flights to and from Johannesburg, South Africa.[21] Those flights ended in September 2012.[22] The Citizen, a Tanzanian newspaper, reported in August 2013 that the airline "desperately" needed a US$32 million bailout package from the Tanzanian government or other non-shareholder sources.[23] The airline's problems increased in 2011 when it received only US$7.4 million of the US$17.5 million in cash that the airline hoped to receive when first listed on the Dar es Salaam Stock Exchange.[23][24] Increasing fuel prices, taxes, and levies plus currency fluctuations and the refusal of minority owner Kenya Airways to contribute capital had also hurt the airline.[23]

Destinations

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Precision Air ATR 42-300 at Kilimanjaro International Airport in 2006.
Precision Air Boeing 737-300 at Mwanza Airport in 2010.
Precision Air ATR 72-212A at Jomo Kenyatta International Airport, Nairobi, in 2012.

As of December 2024, the airline serves the following destinations:

Country City Airport Notes Refs
Comoros Anjouan Ouani Airport [25]
Moroni Prince Said Ibrahim International Airport [25]
Democratic Republic of Congo Lubumbashi Lubumbashi International Airport Terminated [26]
Kenya Mombasa Moi International Airport Terminated
Nairobi Jomo Kenyatta International Airport [25]
South Africa Johannesburg O. R. Tambo International Airport Terminated [26]
Tanzania Arusha Arusha Airport [25]
Bukoba Bukoba Airport [25]
Dar es Salaam Julius Nyerere International Airport Hub [25]
Dodoma Dodoma Airport [25]
Kahama Kahama Airstrip [25]
Moshi / Arusha Kilimanjaro International Airport Hub [25]
Mbeya Songwe Airport [25]
Mtwara Mtwara Airport [25]
Mwanza Mwanza Airport [25]
Serengeti–Seronera Seronera Airstrip [25]
Zanzibar Abeid Amani Karume International Airport [25]
Uganda Entebbe Entebbe International Airport Terminated [27]
Zambia Lusaka Kenneth Kaunda International Airport Terminated [26]

Partnerships

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Codeshare agreements

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Precision Air has codeshare agreements with the following four airlines:

  1. Etihad Airways (Abu Dhabi-Dar es Salaam)[28]
  2. Kenya Airways (various routes)[29]
  3. LAM Mozambique Airlines (Maputo–Nampula–Pemba–Dar es Salaam)[30]
  4. RwandAir (Kigali–Kilimanjaro)[31]

Interline agreements

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In 2011, Precision Air entered into an interline agreement with Qatar Airways, allowing the latter's passengers to connect to other east African destinations such as Arusha and Zanzibar via Dar es Salaam and Kilimanjaro International Airport.[32] This agreement includes e-ticketing.[33][failed verification]

As of 23 December 2014, Precision Air also had 21 interline agreements for baggage and paper ticketing purposes with the following airlines:

  1. Air Seychelles (also e-ticketing)
  2. Alitalia
  3. British Airways (also e-ticketing)
  4. Egyptair
  5. Emirates
  6. Ethiopian Airlines (also e-ticketing)
  7. Etihad Airways
  8. Gulf Air
  9. Hahn Air (also e-ticketing)
  10. Heli Air Monaco
  11. Kenya Airways (also e-ticketing)
  12. KLM (also e-ticketing)
  13. LAM Mozambique Airlines (also e-ticketing)
  14. Oman Air
  15. RwandAir
  16. Saudia
  17. SN Brussels Airlines
  18. South African Airways (also e-ticketing)
  19. Swiss International Air Lines
  20. TAAG Angola Airlines (also e-ticketing)
  21. Virgin Atlantic (also e-ticketing)[33][failed verification]

Fleet

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Fleet
An ATR-42-600.
An ATR-72-500.

Current fleet

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As of November 2022, the Precision Air fleet included the following aircraft:[34][35]

Precision Air fleet
Aircraft In Service Orders Passengers Notes
C Y Total
ATR 42–500 2 — 0 48 48
ATR 42–600 1 — 0 48 48
ATR 72–500 5 — 0 70 70
Total 8 0

Historical fleet

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The airline has previously operated the following aircraft:

  1. ATR 42-320[12]: 66 
  2. Boeing 737–300[34]
  3. Bombardier Dash 8

Accidents and incidents

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According to the Aviation Safety Network Precision Air has had seven accidents or incidents.[36] One of those caused 19 fatalities.[37]

  • 26 July 1999: A Let L-410UVP-E9, tail number 5H-PAB, made a belly landing at Arusha Airport on a training flight while doing a touch and go landing. The two crew and three passengers were not injured.[38]
  • 16 November 2004: A Let L-410UVP-E20, tail number 5H-PAC, crash landed while on a training flight at Kilimanjaro Airport. The two pilots, who had not put on their shoulder straps, sustained facial injuries.[39]
  • 8 July 2007: An ATR 72–212, tail number 5H-PAR, had a runway excursion on landing at Nairobi's Jomo Kenyatta International Airport runway 06. It veered 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.[40]
  • On 13 December 2013, an ATR 42–600 (5H–PWI) made a safe landing at Arusha Airport after its four tires deflated upon landing. All 37 passengers and 4 crew were safe. The airline subsequently explained that higher braking forces, necessitated by the aircraft landing with a tailwind, caused the deflations.[41]
  • 10 July 2014: An ATR 72–500, tail number 5H-PWA, was halfway to Dar es Salaam from Mwanza during normal cruise when the number 2 engine seized. This necessitated a diversion to Kilimanjaro International Airport. The aircraft touched down normally; however, after selecting ground idle (as per the captain's explanation), the aircraft veered to the left and exited the runway hitting one of the runway edge lights and proceeded to roll on the grass field parallel to runway 09 for approximately 180 meters before subsequently regaining the runway. No injuries were reported.[42]
  • 9 December 2018 Flight PW 722 with 68 passengers from Nairobi to Mwanza via Kilimanjaro had multiple birdstrikes on approach, including on the wheels that caused difficulties on landing.[43]
  • 6 November 2022: Precision Air Flight 494, an ATR 42-500 (5H-PWF) with 39 passengers and 4 crew crashed in Lake Victoria while landing at Bukoba Airport, Tanzania. There were 19 deaths. It was the first fatal accident in the airline's history. [44]

References

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  1. ^ "JO 7340.2J – Contractions – Basic with Change 1, Change 2 & Change 3" (PDF). Federal Aviation Administration. Retrieved 6 August 2020.
  2. ^ a b c d e f g h "Prospectus" (PDF). 12 September 2011. Archived from the original (PDF) on 22 January 2013. Retrieved 28 September 2014.
  3. ^ "Tanzania's PrecisionAir creates a mini-hub at Kilimanjaro". ch-aviation. 3 May 2019. Retrieved 24 March 2024.
  4. ^ a b c "Precision Air Highlights of the Year" (PDF). Dar es Salaam Stock Exchange. 2022. Retrieved 24 March 2024.
  5. ^ "Precision Air enhances its operations from Mwanza". 1 February 2013. Retrieved 1 February 2013.
  6. ^ "PrecisionAir – Home". www.precisionairtz.com.
  7. ^ "Precision Air History". Precision Air. Retrieved 11 June 2013.
  8. ^ "Precision Air – Apg". Archived from the original on 19 July 2013. Retrieved 11 June 2013.
  9. ^ "Directory: World Airlines". Flight International. 10 April 2007. p. 65.
  10. ^ "Kenya Airways to buy 49% stake in Precision Air". AirlineCrew.net. Retrieved 4 September 2017.
  11. ^ "Precision Air gets Sh510 million IFC boost". Business Daily. Retrieved 4 September 2017.
  12. ^ a b c "Precision Air Services P.L.C. Annual Report and Financial Statements 2015/2016" (PDF). 18 August 2016. Retrieved 6 June 2017.
  13. ^ a b "Directors Report and Financial Statements 31 March 2013" (PDF). 31 August 2013. Archived from the original (PDF) on 3 January 2014. Retrieved 3 January 2014.
  14. ^ "Super Brand Precision Air (PW) pleased with 2012/2013 performance", The Financial Junction, 17 April 2013
  15. ^ "Directors' Report and Financial Statements 31 March 2013" (PDF). Precision Air. Archived from the original (PDF) on 3 January 2014. Retrieved 22 November 2013.
  16. ^ "Directors' Report and Financial Statements 31 March 2014" (PDF). Precision Air. Retrieved 21 July 2014.
  17. ^ "Despite bad financial performance Precision Air shares remain flat". Daily News. Retrieved 21 October 2015.
  18. ^ a b "Annual Report and Financial Statements for the year ended 31 March 2018" (PDF). Precision Air. Retrieved 21 November 2019.
  19. ^ "AFRAA Annual Report 2020" (PDF). AFRAA. Retrieved 20 April 2021.
  20. ^ "Tanzania's Precision Air flies in detrimental business losses". sautikubwa.org. 8 January 2021. Retrieved 22 December 2021.
  21. ^ Thome, Wolfgang H. Thome (11 June 2013). "Precision Air's financial troubles go into public domain". eTurboNews. Retrieved 4 September 2017.
  22. ^ "Airlineroute :: Routesonline". airlineroute.net. UBM (UK) Ltd. 2017. Archived from the original on 4 March 2016. Retrieved 4 September 2017.
  23. ^ a b c "Precision Air's Sh51bn bailout appeal to State". Retrieved 4 September 2017.
  24. ^ "Precision Air looks to other lenders after poor IPO show". The East African. Retrieved 4 September 2017.
  25. ^ a b c d e f g h i j k l m n "Destinations". Precision Air. Retrieved 24 March 2024.
  26. ^ a b c "Precision Air discontinues FBM-LUN route". 8 July 2023. Retrieved 24 March 2024.
  27. ^ "How regional airlines are scrambling for Entebbe airport". Monitor. 10 October 2016. Retrieved 25 March 2024. Precision Air operated a direct flight.. until March 2014.
  28. ^ Jim Liu (27 December 2016). "Etihad / Precision Air plans codeshare service from Jan 2017". Routes Online. Retrieved 10 December 2017.
  29. ^ "Partners & Alliances". Kenya Airways. Retrieved 31 January 2013.
  30. ^ "Precision Air enters into code share with Mozambique Airlines". Precision Air. 6 March 2012. Retrieved 31 January 2013.
  31. ^ "Partners and Alliances". RwandAir. Retrieved 31 January 2013.
  32. ^ "Qatar Airways and Precision Air announce partnership" (Pressrelease). Qatar Airways. 1 November 2011. Retrieved 31 January 2013.
  33. ^ a b Travel Information, Expert Flyer, accessed 23 December 2014, subscription service
  34. ^ a b "Tanzania's Precision Air goes all prop after last 737 is withdrawn". ch-aviation.
  35. ^ "Precision Air – Our fleet". Retrieved 17 September 2020.
  36. ^ "Accident record for Precision Air". Aviation Safety Network. Retrieved 8 April 2012.
  37. ^ Ranter, Harro. "ASN Aircraft accident ATR 42–500 5H-PWF Bukoba Airport (BKZ)". aviation-safety.net.
  38. ^ Accident description for 5H-PAB at the Aviation Safety Network. Retrieved on 8 April 2012.
  39. ^ Accident description for 5H-PAC at the Aviation Safety Network. Retrieved on 8 April 2012.
  40. ^ Accident description for 5H-PAR at the Aviation Safety Network. Retrieved on 8 April 2012.
  41. ^ ""Update: Precision ATR 42–600 Blew All Main Tires on Landing at Arusha on Dec 13 Resumed to Service", The Aviation Herald, 17 December 2013". Archived from the original on 4 March 2016. Retrieved 21 September 2017.
  42. ^ Accident description for 5H-PWA at the Aviation Safety Network. Retrieved on 27 September 2014.
  43. ^ "Precision wafafanua ndege yao kuvamiwa na kunguru angani – Dar24".
  44. ^ Ranter, Harro. "ASN Aircraft accident ATR 42–500 5H-PWF Bukoba Airport (BKZ)". aviation-safety.net.
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