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Precision Air Services

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Precision Air Services

Alfonse Kioko, Chief Executive Officer & Managing Director
Alfonse Kioko
Chief Executive Officer & Managing Director
IATA Code
PW
ICAO Code
PRF
Corporate Address
Quality Plaza Nyerere Road
Dar es Salaam, Dar es Salaam
Tanzania, United Republic of
PO Box 70770
Website
http://www.precisionairtz.com
Main hub
Dar Es Salaam International Airport
Country
United Republic of Tanzania
Business model
Regional/Commuter
Association Membership
AFRAA
IATA
Codeshare Partners
Kenya Airways
Rwandair Express

Precision Air is a Tanzanian airline based at Julius Nyerere International Airport, Dar es Salaam. The carrier operates scheduled service to destinations across Tanzania and Kenya.

Location of Precision Air Services main hub (Dar Es Salaam International Airport)

Source: CAPA - Centre for Aviation and Google Maps


 
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79 total articles

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6,348 total articles

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Simple ownership change to forgive USD150m of debt is not enough to place Air Zimbabwe back on track

15-Mar-12 11:56 AM

Zimbabwe has forced the issue of rising debt at national carrier Air Zimbabwe by disbanding the airline, officially known as Air Zimbabwe Holdings, and re-launching it as Air Zimbabwe Private Limited. Local reports have put the carrier's debt at USD150 million, USD30 million of which is owed internationally, including in the US and China. The ownership structure of the new airline has not been disclosed, although the Government is reportedly trying to woo investors.

The move is not a cure-all. Before the new carrier can be taken seriously, it needs not only independent management but also structural changes within government to benefit the country and trickle down to the airline.

Precision’s IPO off to slow start but hopes remain high

11-Oct-11 2:44 PM

Precision Air’s Initial Public Offering (IPO) is off to a slow start, hindered by reported delays in the distribution of application and prospectus forms, and a low initial turnout. Despite this, lead advisor for the issue, Orbit Securities, is confident interest will pick up and the planned TZS27 billion (USD16.5 million) will be raised. Orbit stated the listing price, which has attracted some criticism for being too high, is based on the carrier’s potential to grow and not on its past financial performance. A successful listing would reflect favourably on the airline's prospects and the wider Tanzanian economy.

Precision Air hopes IPO will see expansion plans take-off

29-Sep-11 5:38 PM

Precision Air’s Initial Public Offering (IPO) will take place on 07-Oct-2011 when the carrier is listed on the Dar es Salaam Stock Exchange. Tanzania’s largest airline plans to use funds raised from the rights issue to fund fleet and route expansion. Tanzania’s transport sector is underdeveloped, although steps are being taken to encourage investment and improve infrastructure, in particular at rural airports. Better infrastructure will help drive domestic and regional trade, move the economy away from a reliance on agriculture and support tourism growth, all growing and important sectors in the Tanzanian economy.

Airline IPO activity increases as market conditions improve but oil threatens

10-Mar-11 10:45 AM

There are more than 30 airlines around the world publicly talking of conducting an IPO to help diversify funding sources, coinciding with improved demand and economic conditions. Aircraft deliveries are also accelerating, with more than 1400 aircraft scheduled for delivery this year alone, prompting the need for additional financing. However, concerns over rising fuel costs in recent weeks have had affected oil prices and, hence, the attractiveness of airlines.

More than 30 airlines consider IPOs as market improves

14-Oct-10 4:42 PM

There are more than 30 airlines around the world that have publicly talked about tapping equity markets to help diversify funding sources, coinciding with an improved economic environment. Aircraft deliveries are also accelerating, with more than 1,300 aircraft scheduled for delivery this year alone, prompting the need for additional financing.

Outlook for global airline alliances in Africa

10-Jun-10 11:38 AM

As global alliances gather momentum, radiating from their core partners in Europe and North America, each region is experiencing the influence that the groupings can bring. Africa is no exception, but the lack of fully viable locally based carriers offers something of a challenge in finding partners to expand beyond the small number already accounted for.

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