About Us

Awards & Certification

In the recent years Precision Air has been recognized and earned various achievements such as: -


December 2015 - Brand Excellence Award -Airline by Tanzania Leadership Awards 

2013 - The Best Domestic Scheduled Airline in Tanzania 2013 by the Tanzania Society of Travel Agents.

February 2012 - Bronze Award in the African Airline of the Year Awards 2011/2012 awarded by African Aviation News portal.

December 2011 - Listing of the company at the Dar es Salaam Stock Exchange.

February 2011 -  Launch of USD5.4 Million Ultra-modern hangar.

2011 - TASOTA Domestic Airline of the Year 2011.

2010 - Voted AFRAA Regional Airline of the Year 2010.

October 2009 - Granted a Self-Handling License by the TCAA.

2008 - CEO’s Most Respected Company in Tanzania.

2007 - Started the Fleet modernization program.

2006 - Voted the Most Respected company in Tanzania.

2006 - Tanzania’s Airline of the Year Award.

March 2006 - Precision Air became the 3rd Airline in Africa to embrace E-Ticket technology.

September 2006 - Achieved IATA Operational Safety Audit (IOSA) Certification (6th in Africa & 1st in Tanzania).

Our Fleet

In 2006, the airline embarked on a fleet modernization program that saw it sign a contract with ATR of France to deliver seven brand new state-of-the-art aircraft. The last of the seven aircraft arrived in September 2010. In 2012 Precision Air embarked on another fleet modernization program which saw Precision Air become the first airline in the world to operate ATR 42-600. 

The current fleet consists of, Five 70 seater ATR 72-500, Three 48 seater ATR 42-500 and 1 48 seater ATR 42-600.

               

 

 

 

 

 

 

 

 

 

 

 

 

Investor Relations

PRECISION AIR ANNUAL REPORT 2019

NOTICE OF THE 5TH ANNUAL GENERAL MEETING OF SHAREHOLDERS OF PRECISION AIR SERVICES PLC

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

Precision Air unaudited interim report September 2016

Chairman's Statement Annual General Meeting  2015/16

Annual Report and Financial Statements 2015 / 2016

Agenda- 4th Annual General Meeting of Shareholders of PAS Plc

4th annual general meeting notice 2015/16

Chairman Statement 2013/14

Precision Air annual Report and financial Statement 2013/14

Precision Air annual Report and financial Statement 2012/13 

Proxy Form

Precision Air annual Report and financial Statement 2011/12

Precision Air Prospectus 14th 2011


Shareholders FAQs

Click here to visit Dar Es Salaam Stock Exchange Website. 

Environment Policy

ENVIRONMENT PRESERVATION

In its efforts to preserve the environment the company has engaged a consultant to develop and implement an environmental management system. This is in addition to recruiting an Environmental Management Officer. Earlier efforts to preserve the environment include purchasing aircraft with low carbon emissions.

HEALTH, SAFETY AND ENVIRONMENTAL POLICY

At Precision Air we are committed to using sound and responsible practices to protect the health and safety of our customers, our workers, and the communities in which we operate. In pursuit of this commitment, we strive to exceed local, national, and international standards for safety and environmental protection. We are proud of our open and inclusive workplace; however, we take great care to ensure that a person who performs mission-critical functions is physically and mentally fit for duty.

Scope:

This policy applies to all activities carried out or related to Precision Air and its subsidiaries.  Aviation safety, occupational health and safety, and environmental protection are addressed in a systematic, proactive and explicit manner to ensure that they are an integral part of our day-to-day operations.  Implementing this policy is a key management objective and it is the responsibility of all Precision Air personnel to work towards that objective.

Key principles:

This policy is a key part of our mission to offer the safest and most efficient air travel. To implement this policy Precision Air Services shall:

  1. Conform our practices to our own high standards as well as applicable local, national, and international laws, regulations, and standards governing aviation safety, occupational health and safety, and environmental protection
  2. Annually assess and quantify environmental or occupational health and safety risks associated with our operations. We set concrete goals with respect to those risks, and at least once every six months review our progress toward achieving those goals.
  3. Require each worker to take responsibility for his or her own health and safety and those of fellow workers, customers, and the communities in which we operate, all while encouraging adherence to sound environmental practices.
  4. Consider potential environmental impacts among the criteria for evaluating projects, products, processes, and purchases, and encourage the use of non-polluting technologies to the greatest extent possible.
  5. Manage our operations and ensure that environmental pollution is prevented and/or minimized by addressing aspects related to materials, spillage, discharges, emissions, waste disposal and ensure their continual improvement.
  6. Conduct periodic and regular training, education, and awareness sessions for Precision Air staff and our business associates in order to foster a culture of health, safety, and environmental responsibility.
  7. Actively encourage communication and exchange of ideas and information with all interested parties on matters applicable to our programs, and benchmark our performance against industry best practices.
  8. Prominently post this policy in all of our work places in both English and Kiswahili.
  9. Obtain and maintain third party certification for our Environmental Management System.

 

 

 

 

 

 

History

Precision Air was established in 1993. It started as a private charter air Transport Company operating a five-seater piper Aztec aircraft. Its initial line of business mainly entailed providing connections to tourists visiting the rich natural attractions of Serengeti National Park, Ngorongoro Crater, in northern Tanzania, the Zanzibar Island in the Indian Ocean and other parts of the country from Arusha town as its base.

  

The vast nature of Tanzania coupled with a growing demand for air transport services as the country started to embrace a free market economy soon drove Precision Air into operating scheduled flights maintaining Arusha as its base. The first flights were scheduled using a seven-seater one engine Cessna 207, one seven-seater Cessna 402, two eleven-seater Cessna 404s and the nineteen-seater LET 410 until mid 1990s when the airline introduced the bigger and more comfortable ATR fleet.

Services:

Precision Air is currently headquartered in Dar es Salaam- the commercial city of the United Republic of Tanzania.   The airline’s main services include; scheduled flights, chartered and cargo air services which are growing at an impressive rate. In May 2009, Tanzania Civil Aviation Authority (TCAA) granted the company a self-handling license and ground handling operations started at the beginning of November. The airline is seeking a third party ground handling license from TCAA.

Partners:

The most significant turnaround of the airline came in 2003 when Kenya Airways acquired a minority 49% shareholding leaving majority 51% shares in the control of one local Tanzanian businessman. Since then, Precision Air has literally turned its image into a professionally run modern regional airline.

On the 21st December 2011 Precision Air made history by being the first airline in Tanzania to list on Dar es Salaam Stock Exchange with a total of 7,056 (Seven thousand fifty six) investors who took part in the Initial Public Offering in November 2011.

The airline raised Tshs. 12 billion (i.e. subscribed by 43.18%) most of which were taken up by Tanzanian nationals both retail investors and corporate entities as intended by the company.

The 7,056 new shareholders have therefore taken a stake of 16% in the company. This now means 58% of the company is owned by Tanzanians, 41% Kenya Airways and 1% by other nationals. The anchor share holders, being Kenya Airways and local Tanzanian businessman.

However, the airline also works closely with a number of companies and has code-share agreements with over ten reputable airlines worldwide.