#PW| Precision Air - Official Thread

[tanzan]

Originally Posted by Geza Ulole

I think they should also think of routes like to Khartoum, Juba, Asmara and Djibouti for the airline's steady growth! Mind u ET does not fly to Asmara, KQ does not fly to Mogadishu, plenty of opportunities to strategically capitalize on...

I also think it is a good idea to connect Horn of Africa to DSM. Remember, Djibouti has always been lucrative for ATCL for many years.It could work work out lets say Dar-Khartoum-Djibouti-Dar or Dar-Asmara-Juba-Dar

[tanzan]

Word is that Precision will add a third 737-300 soon. Also plans are made for Guangzhou via Dubai...lets wait n see

[kiligoland]

Originally Posted by tanzan

Word is that Precision will add a third 737-300 soon. Also plans are made for Guangzhou via Dubai...lets wait n see

tunasubiria ride

[tanzan]

Originally Posted by kiligoland

tunasubiria ride

yaani raha tupu mkuu.

tena nasikia wako katika harakati kuchukua 767-300

[Geza Ulole]

7th June 12
Precision Air now expands its wings to DRC, Zambia
Lusekelo Philemon

The Tanzania’s private airline Precision Air is set to expand its wings to central African countries by launching direct flight from Dar es Salaam to Lusaka, Zambia, through Lubumbashi in the Democratic Republic of Congo (DRC).

Addressing journalists here yesterday Precision Air’s Group Managing Director and CEO, Alfonse Kioko said the airline will fly its first maiden flight to the two destinations on June 22, this year.

He said that the idea behind introducing the new route is to open-up central African countries with the rest of African countries, especially those of East Africa.

“The new route will help to cut time of travel and cost as the travellers are going to spend just 6.20hours to and from contrary to the previous, when they were spending more than 7 hours one way,” he said.

According to Kioko, the airline will operate three times a week with a new Boeing 737, recently acquired from Singapore.

And the new two destinations will bring the airline with a total of 17 routes in the region.

The flights will operate from Dar es Salaam connecting via Lubumbashi, then to Lusaka with the aim of capturing potential traffic on the way back to Dar es Salaam. The airline has voiced its commitment to eliminating the difficulty passengers’ face traveling between Zambia and Tanzania.

Until now, passengers have had to travel for more than nine hours through South Africa or Nairobi to get to Lusaka or Dar es Salaam due to the lack of convenient and direct flights.

Commenting on his airline’s future plans, Kioko said: “We are planning to buy five brand new planes in three years from now. And this year, we’re going to get two planes, and next year we’ll receive other two flights and in 2014 we’ll get the remaining one.”

He said the new flights will make the airline meet its target of covering the whole East, Central and Southern African destinations.

Kioko further stated that his airline is planning to turn Dar es Salaam as a major hub for major airlines for Africa and the world at large. “I’m saying this because; our plan is to cover east, central and southern part of the continent before going to West Africa and Asia. Thereafter we’ll be targeting European countries.”

Currently, the airline has a total of 12 flights, and with an additional of five will make the Tanzanian privately owned airline with 17 flights, by 2014.
THE GUARDIAN
http://www.ippmedia.com/frontend/fun...le.php?l=42357

[tanzan]

Originally Posted by Geza Ulole

7th June 12
Precision Air now expands its wings to DRC, Zambia
Lusekelo Philemon

The Tanzania’s private airline Precision Air is set to expand its wings to central African countries by launching direct flight from Dar es Salaam to Lusaka, Zambia, through Lubumbashi in the Democratic Republic of Congo (DRC).

Addressing journalists here yesterday Precision Air’s Group Managing Director and CEO, Alfonse Kioko said the airline will fly its first maiden flight to the two destinations on June 22, this year.

He said that the idea behind introducing the new route is to open-up central African countries with the rest of African countries, especially those of East Africa.

“The new route will help to cut time of travel and cost as the travellers are going to spend just 6.20hours to and from contrary to the previous, when they were spending more than 7 hours one way,” he said.

According to Kioko, the airline will operate three times a week with a new Boeing 737, recently acquired from Singapore.

And the new two destinations will bring the airline with a total of 17 routes in the region.

The flights will operate from Dar es Salaam connecting via Lubumbashi, then to Lusaka with the aim of capturing potential traffic on the way back to Dar es Salaam. The airline has voiced its commitment to eliminating the difficulty passengers’ face traveling between Zambia and Tanzania.

Until now, passengers have had to travel for more than nine hours through South Africa or Nairobi to get to Lusaka or Dar es Salaam due to the lack of convenient and direct flights.

Commenting on his airline’s future plans, Kioko said: “We are planning to buy five brand new planes in three years from now. And this year, we’re going to get two planes, and next year we’ll receive other two flights and in 2014 we’ll get the remaining one.”

He said the new flights will make the airline meet its target of covering the whole East, Central and Southern African destinations.

Kioko further stated that his airline is planning to turn Dar es Salaam as a major hub for major airlines for Africa and the world at large. “I’m saying this because; our plan is to cover east, central and southern part of the continent before going to West Africa and Asia. Thereafter we’ll be targeting European countries.”

Currently, the airline has a total of 12 flights, and with an additional of five will make the Tanzanian privately owned airline with 17 flights, by 2014.
THE GUARDIAN
http://www.ippmedia.com/frontend/fun...le.php?l=42357

they mean aircrafts

So by 2014, East, Central & Southern Africa will be covered. I hope the fleet expansion isn't ATRs

[Geza Ulole]

Originally Posted by tanzan

they mean aircrafts

So by 2014, East, Central & Southern Africa will be covered. I hope the fleet expansion isn't ATRs

nathani alitaka kumaanisha fleet ila kaka ashakumu si matusi neno aircraft halina wingi...good news though

[Geza Ulole]

Precision Air gets Sh510 million IFC boost
Precision Air, which is partly owned by Kenya Airways, plans to add 10 new destinations in the next five years. Photo/File

Precision Air, which is partly owned by Kenya Airways, plans to add 10 new destinations in the next five years. Photo/File

Tanzanian airline Precision Air, which is partly owned by national carrier Kenya Airways (KQ), is set to get between Sh340 million and Sh510 million ($4 million to $6 million) capital injection from the World Bank’s private lending arm, IFC.

In an investment disclosure note, IFC says that Precision Air, which is listed on the Dar-es-Salaam Stock Exchange, will get the money to finance a Sh3.68 billion ($43.2 million) fleet expansion drive that will see it fly to 10 new destinations in the next five years.

“IFC’s role in the proposed transaction is (to) provide scarce long-term mezzanine capital, demonstration effect, environmental and social management and leverage IFC’s expertise in the industry, market and sector expertise and lessons learned from other transactions in the region and beyond,” says the IFC.

Prior to listing at the Dar exchange through an initial public offering (IPO), Precision Air was 51 per cent owned by Michael Shirima, chairman and founder of the airline and 49 per cent by KQ.

Mr Shirima and KQ’s stake declined to 42.91 per cent and 41.23 per cent, while the new share subscribers own the remaining 15.86 per cent.

KQ has set out on a similar growth plan financed through a mixture of equity, debt and internally generated cash. The airline recently floated a rights issue that raised Sh14.5 billion.

It is also planning fleet and route expansion with debt and internally generated revenues to supplement the funds for expansion.

The loan proposal is similar to the KQ rights issue where the IFC approved an additional Sh6.6 billion ($80 million) in debt to fund the national carrier’s expansion plans in addition to taking up $25 million (about Sh2.068 billion) worth of shares.

The disclosure note says that within the next four years as the plan pans out, it will increase the airline’s top line.

“The company expects to double its revenues by 2016, achieving it through a growing fleet and in particular, the new ATRs 600 series that are expected to join the fleet starting this year,” it says.

An IPO fact sheet by NIC Securities shows that the airline had a fleet of 11 aircraft and operated in 14 routes as at September 2011.

The fact sheet states that plans are underway to increase operations to Zambia, Mozambique and the DRC.

KQ said that it could not comment on the deal since Precision Air is an independent company despite its strategic stake in the listed Tanzanian carrier. “We cannot comment on the Precision Air,” KQ communications manager Chris Karanja told the Business Daily.

Precision Air delivered Sh238 million in share of associate income to KQ’s end of year revenues and Sh251 million in gains on deemed disposal after IPO.

KQ posted a Sh95 billion in revenues for the year ended March 31st 2012 and Sh1.66 billion in net profits from Sh3.58 billion in 2011, a 53 per cent drop and to cut costs the airline has said that it has stopped flights to Muscat and Rome.

READ: Kenya Airways profits dip 50 pc on high fuel costs, eyes hotel business

Precision Air has a share capital of 193 million shares and the last trading price was Tanzanian shillings 475 (Sh40.50) which gives it a Sh5 billion market capitalisation.

Should the IFC loan be approved it will create 600 new jobs in Tanzania from the current 771 most of which will be technical.

The IFC says that its involvement is based on the realisation that it is becoming harder for airlines to get funding, be it through equity or debt as the global economy struggles lending to certain sectors such as the airline industry is becoming conservative.

“Following the financial crisis, financial institutions are reluctant to increase their exposures to the airline sector in Africa.’’
Eric Musau, a research analyst at Standard Investment Bank, said while IFC loans are long-term, they are based on business decisions which means that they have seen a business opportunity worth investing in.
http://www.businessdailyafrica.com/P...z/-/index.html

jgachiri@ke.nationmedia.com

[bantugbro]

Tanzanian airline Precision Air, which is partly owned by national carrier Kenya Airways (KQ), is set to get between Sh340 million and Sh510 million ($4 million to $6 million) capital injection from the World Bank’s private lending arm, IFC.

This statement is incorrect.

[lady gaga]

Precision Air Johannesburg Operation Changes from July 2012
by JL
Update at 0620GMT 18JUN12

Tanzania’s Precision Air starting 01JUL12 will change its operation on Dar es Salaam – Johannesburg route. Existing afternoon/night-time service will move to day-time from this date, while 1 of 4 weekly flight will operate via Zanzibar on inbound flight.

till 30JUN12
PW700 DAR1630 – 1915JNB 733 x124
PW701 JNB2330 – 0410+1DAR 733 x124

eff 01JUL12
PW700 DAR1000 – 1230JNB 733 x124
PW701 JNB1330 – 1810DAR 733 367
PW701 JNB1330 – 1800ZNZ1840 – 1905DAR 733 5

[FoxAdriano]

Why if I buy a ticket from Dar es Salaam to Arusha, the ticket has a higher price than buying it by a online travel agency?

[e.base]

Originally Posted by FoxAdriano

Why if I buy a ticket from Dar es Salaam to Arusha, the ticket has a higher price than buying it by a online travel agency?

I think so..you can buy the ticket when you get in Dar..no need to buy it online..however you have an easier and more adventurous option..get a bus to Arusha..its only 8-9 hours and the roads are okay..The buses I usually use are Dar Express and Royal Coach, sometimes Saibaba. Get to know Tanzania more by using a bus to Arusha, if not you will be missing on the amazing scenery of Usambara mountains.

[FoxAdriano]

Hello friends, when I will stay at Arusha in october, how many days before will I need to buy the flight from Arusha to Dar? Is it sufficient one day before or will I need 2-3 days before? Thanks

[kiligoland]

DAR ES SALAAM LUSAKA VIA LUBUMBASHI INAUGUTRATED

http://www.issamichuzi.blogspot.com/...ri-ya-dar.html

[tanzan]

Originally Posted by kiligoland

DAR ES SALAAM LUSAKA VIA LUBUMBASHI INAUGUTRATED

http://www.issamichuzi.blogspot.com/...ri-ya-dar.html

Now you don't need to pass thru Nairobi or Jo'burg

[FoxAdriano]

PrecisionAir email?
Hello, in their web site there is this email: pwe-commerce@precisioinairtz.com but it is a wrong email. Why there is such problem to write to PrecisionAir ? Thanks

[Geza Ulole]

Air-ticket buying simplified
Thursday, 30 August 2012 22:47

By Veneranda Sumila
The Citizen Reporter
Dar es Salaam. Air-travel customers will now be able to purchase their tickets via mobile transfer service after Precision Air signed an agreement with Vodacom Tanzania.Vodacom Tanzania has the largest network of mobile money transfer service dubbed M-pesa.The partnership agreement would enable customers to save time as they make the payment via M-pesa and receive an e-ticket for their journey.

“Previously customers could either pay online using credit cards or physically visit Precision Air offices or agents, but with M-pesa things would be much easier,” said Precision Air Commercial director Patrick Ndekana when making the announcement in Dar es Salaam yesterday.

He said, however, that a customer would be supposed to book for a ticket through the airline’s call centre to obtain a booking reference number needed to effect the transfer.

To make payments customers would follow the normal procedures of paying for a service via M-pesa, whereby Precision Air company number 333777, would be followed by the reference number provided earlier. The customer would then be notified of their ticket number.
According to Mr Ndekana, a mobile ticket purchase would see customers enjoy a 20 per cent discount on their fare.

The airline’s current fleet consists of five 70-seater ATR 72-500, four 48-seater ATR 42 and three Boeing 737.Vodacom Tanzania head of M-Commerce Innocent Ephraim, urged Tanzanians to utilise M-pesa services as it is the fast and reliable service that has revolutionised the way money is sent, received and saved.“We hope that we shall be able to serve our customers better, we are proud of this partnership,” said Mr Ephraim. There are over 20,000 M-pesa agents.

http://www.thecitizen.co.tz/business...ing-simplified

[mwanamwiwa]

Precision Air rules.

[NewComer98]

Your just saying that because it is owned by Kenya Airways I like Air Tanzania better.

[mwanamwiwa]

Originally Posted by NewComer98

Your just saying that because it is owned by Kenya Airways I like Air Tanzania better.

You like Air Tanzania more because its owned by South African airlines.