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United Republic of Tanzania

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United Republic of Tanzania

IATA Code
TZ
Airlines
International Airlines serving this country (excluding codeshares)
Airports

Location of United Republic of Tanzania

Source: CAPA - Centre for Aviation and Google Maps


 
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190 total articles

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6,367 total articles

and

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.

Turnover growth continues for Fly540 as African expansion plans take off

3-Aug-11 1:01 PM

Transport and mining conglomerate Lonrho Group, which owns a 49% stake in Fly540, reported a profit for the three months ended 30-Jun-2011 of GBP35.1 million, a 31.1% year-on-year increase. The Kenya-based low cost carrier achieved turnover growth of 25.6% in 3QFY2011 despite facing difficulties with high fuel prices and a delay in aircraft deployment. The carrier is on track to open its third hub in Ghana by Oct-2011.

Turkish Airlines moving into Africa: will Turkey emulate China?

16-Jul-10 12:59 PM

Turkish Airlines (THY) is being encouraged to launch services between Istanbul and Lusaka, the capital of Zambia. It is not the first time that the airline has been linked to new African services but on this occasion comes the admission there is a wider agenda involving trade and specifically mining and energy. Could Turkey be about to emulate China, which has been flooding the African continent with executive manpower - especially where there are sparse resources to be mined - using essential air transport as bait?

Africa Aviation Outlook: Cooperation, liberalisation and protectionism

11-Jun-10 3:48 PM

As African governments sought a path to successful locally-based airline operations, some attempted to gain the benefits of scale and coverage by forming joint airlines. With a good deal of support from European governments and flag carriers, two early examples of airlines jointly representing the interests of neighbouring countries shared resources, costs and – hopefully - the profits.

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