Precision Air
Precision Air Services Plc is a Tanzanian airline based at Julius Nyerere International Airport in Dar es Salaam. The airline operates scheduled passenger services to Nairobi and Comoros; and to various airports and airstrips in Tanzania. Kenya Airways owns 41.23% of the airline, and is a component company of the Tanzania All Share Index.
It is currently banned from flying into the EU
History
Precision Air was incorporated in Tanzania in January 1991 as a private airline and started operations in 1993. 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. It introduced a 737-300 courtesy of Kenya Airways in 1999.In 2006, Precision Air became the first Tanzanian airline to pass the IATA Operational Safety Audit.
In April 2011, the airline became a public company.
Corporate affairs
Ownership
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.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. As of 31 March 2016, the major shareholders were:
| 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% |
Business trends
Because it was a private company until 2011, published figures were not generally available before the initial public offering prospectus of 12 September 2011. Since then, full Annual Reports and Accounts have been published.Available trends over recent years for the Precision Air group are:
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
| Turnover | 57,988 | 84,344 | 92,493 | 113,606 | 163,061 | 181,358 | 141,262 | 105,400 | 90,751 | 79,756 | 97,108 | |
| Profits | 5,671 | 2,818 | 1,924 | 2,159 | 1,841 | |||||||
| Number of employees | 576 | 657 | 704 | 717 | 608 | 536 | 509 | 436 | 356 | 405 | ||
| Number of passengers | 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 | 10 | 10 | 11 | 12 | 10 | 10 | 10 | 10 | 10 | 7 | ||
| Notes/sources |
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. Those flights ended in September 2012. 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. 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. 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.
Destinations
As of, the airline serves the following destinations:Partnerships
Codeshare agreements
Precision Air has codeshare agreements with the following four airlines:- Etihad Airways
- Kenya Airways
- LAM Mozambique Airlines
- RwandAir
Interline agreements
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. This agreement includes e-ticketing.As of 23 December 2014, Precision Air also had 21 interline agreements for baggage and paper ticketing purposes with the following airlines:
- Air Seychelles
- Alitalia
- British Airways
- Egyptair
- Emirates
- Ethiopian Airlines
- Etihad Airways
- Gulf Air
- Hahn Air
- Heli Air Monaco
- Kenya Airways
- KLM
- LAM Mozambique Airlines
- Oman Air
- RwandAir
- Saudia
- SN Brussels Airlines
- South African Airways
- Swiss International Air Lines
- TAAG Angola Airlines
- Virgin Atlantic
Fleet
Current fleet
, Precision Air operates the following aircraft:Historical fleet
The airline has previously operated the following aircraft:Accidents and incidents
According to the Aviation Safety Network Precision Air has had seven accidents or incidents. One of those caused 19 fatalities.- 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.
- 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.
- 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.
- On 13 December 2013, an ATR 42–600 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.
- 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, 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.
- 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.
- 6 November 2022: Precision Air Flight 494, an ATR 42-500 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. A Ministry of Transport report determined that the pilot attempted to land Bukoba in poor weather, against the advice of the first officer, instead of diverting to Mwanza.