#PW| Precision Air - Official Thread - Page 4

NewComer98 · September 1st, 2012, 07:01 PM

No I like it because its Tanzania's national carrier.

mwanamwiwa · September 1st, 2012, 11:36 PM

Everyone is entitled to their opinion(s).I like Precision Air because its the best airline in Tanzania.

Geza Ulole · September 8th, 2012, 04:27 PM

Precision Air eyeing Harare and Blantrye

BY DR. WOLFGANG H. THOME, ETN UGANDA | SEP 03, 2012
Precision Air, Tanzania’s dominant airline, appears set to fly to Harare via Blantyre later this year, adding two more regional routes to their growing network. Similar to the flights recently launched to Lusaka, via Lubumbashi, the Harare connection will also be operated three times a week, using a B737-300.

The airline is on course to fly a million passengers per year for the first time in their history, and has additional brand new ATR 72-600 aircraft on order to expand both domestic as well as near regional routes.

Airline also hopes that ongoing work and construction at key airfields would be completed at a faster rate in order to open up more parts of the sprawling country.

Precision has also increased frequencies between Dar es Salaam, Arusha and Mwanza following the withdrawal of Air Tanzania from the route a few weeks ago, surely hoping that should another return of the financially stricken ATCL take place in the future, passengers will stay with Precision Air.

http://www.eturbonews.com/30983/prec...e-and-blantrye

Geza Ulole · September 13th, 2012, 02:05 PM

Precision Air has posted a pre-tax profit increase of almost 20 per cent but was limited by massive shilling depreciation.

The airline, which its financial year starts at April, posted a pre-tax profit of 1.84bn/- up from 1.55bn/- registered in the previous year, being its first financial results after having been listed last year.

The profitability was lifted by increasing capacity offered to the market by 46 per cent that pushed passengers uplifted by 24 per cent compared to previous year after the airline deployed larger aircraft on regional routes.

“This capacity has been taken up very well thus bolstering the company’s performance and reinforcing the (airline’s) position in the industry,” the designated nation carrier said.

The airline said in a statement released yesterday: “We are pleased to report that despite the many challenges faced by the aviation industry, Precision Air recorded impressive performance during 2011/12.” Orbit Securities Head of Dealings and Operations, Juventus Simon said the airline industry last year was challenging one as despite the Precision Air having posted impressive revenue, it ended up getting very little.

“Last year, many airlines passed turbulence weather and posted revenue decline or losses including the world heavy weight, but Precision (Air) emerged on a strong note,” Mr Simon told the ‘Daily News’. He said poor exchange rate and financial cost of 7.65bn/- also have contributed heavily on the airline to register a marginal profit though for long term investors, the airline’s share is a good buy.

“I think share price remain at the current level (of 470/-), but the profit attained is encouraging, if I have to put them in scale is 50/50,” the stockbroker said. PW total revenue during the year under review reached 163.06bn/- but the cost of sales was at 117.06bn/-, which analysts said the industry nature of business is complicated as it left the airline to remain with a relative low income.

In the same year, due to exchange rate fluctuations the airline lost 3.07bn/- up from 2.25bn/- of previous year, which is 38 per cent due to weaken shilling in the corresponded financial year. Nevertheless, the airline said it has embarked on a fleet expansion programme where it order five brand new ATR 600 latest series into the fleet and older series ATR 42-320 which have delivery period of three-year.

“The increase of capacity is required to facilitate the execution and achievement of the airline’s five years strategic plan,” the airline said in the release without mentioning dividends offer. Tanzania Securities Chief Executive Officer, Mr Moremi Marwa said even though Precision Air did not declare dividends, the profit they made was “better than nothing (loses).”
http://www.dailynews.co.tz/index.php...pre-tax-profit

Kigali_Paris · February 15th, 2013, 06:24 PM

Hey guys,

I know it's not PW, but where to put that???

the other day, i had a flight on a Mwanza - Dar Es Salaam route with the new African low cost carrier FastJet and some videos were made.

My thoughts and comments will follow this week-end with a trip report comparing FastJet and Air Tanzania, to be published on Airliners.net

Take off video from Mwanza:
http://www.youtube.com/watch?v=WShm3hE8Jto

Landing at Dar Es Salaam:
http://www.youtube.com/watch?v=24iKX...WdHR8Q&index=1

Enjoy!

September 1st, 2012, 11:36 PM	#62
mwanamwiwa Registered User Join Date: Sep 2008 Posts: 9,552 Likes (Received): 137	Everyone is entitled to their opinion(s).I like Precision Air because its the best airline in Tanzania. __________________ Bongo pride annihilator

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September 1st, 2012, 07:01 PM	#61
NewComer98 Registered User Join Date: Dec 2011 Posts: 190 Likes (Received): 19	No I like it because its Tanzania's national carrier.

September 8th, 2012, 04:27 PM	#63
Geza Ulole BANNED Join Date: May 2010 Posts: 1,768 Likes (Received): 3	Precision Air eyeing Harare and Blantrye BY DR. WOLFGANG H. THOME, ETN UGANDA \| SEP 03, 2012 Precision Air, Tanzania’s dominant airline, appears set to fly to Harare via Blantyre later this year, adding two more regional routes to their growing network. Similar to the flights recently launched to Lusaka, via Lubumbashi, the Harare connection will also be operated three times a week, using a B737-300. The airline is on course to fly a million passengers per year for the first time in their history, and has additional brand new ATR 72-600 aircraft on order to expand both domestic as well as near regional routes. Airline also hopes that ongoing work and construction at key airfields would be completed at a faster rate in order to open up more parts of the sprawling country. Precision has also increased frequencies between Dar es Salaam, Arusha and Mwanza following the withdrawal of Air Tanzania from the route a few weeks ago, surely hoping that should another return of the financially stricken ATCL take place in the future, passengers will stay with Precision Air. http://www.eturbonews.com/30983/prec...e-and-blantrye

September 13th, 2012, 02:05 PM	#64
Geza Ulole BANNED Join Date: May 2010 Posts: 1,768 Likes (Received): 3	Precision Air has posted a pre-tax profit increase of almost 20 per cent but was limited by massive shilling depreciation. The airline, which its financial year starts at April, posted a pre-tax profit of 1.84bn/- up from 1.55bn/- registered in the previous year, being its first financial results after having been listed last year. The profitability was lifted by increasing capacity offered to the market by 46 per cent that pushed passengers uplifted by 24 per cent compared to previous year after the airline deployed larger aircraft on regional routes. “This capacity has been taken up very well thus bolstering the company’s performance and reinforcing the (airline’s) position in the industry,” the designated nation carrier said. The airline said in a statement released yesterday: “We are pleased to report that despite the many challenges faced by the aviation industry, Precision Air recorded impressive performance during 2011/12.” Orbit Securities Head of Dealings and Operations, Juventus Simon said the airline industry last year was challenging one as despite the Precision Air having posted impressive revenue, it ended up getting very little. “Last year, many airlines passed turbulence weather and posted revenue decline or losses including the world heavy weight, but Precision (Air) emerged on a strong note,” Mr Simon told the ‘Daily News’. He said poor exchange rate and financial cost of 7.65bn/- also have contributed heavily on the airline to register a marginal profit though for long term investors, the airline’s share is a good buy. “I think share price remain at the current level (of 470/-), but the profit attained is encouraging, if I have to put them in scale is 50/50,” the stockbroker said. PW total revenue during the year under review reached 163.06bn/- but the cost of sales was at 117.06bn/-, which analysts said the industry nature of business is complicated as it left the airline to remain with a relative low income. In the same year, due to exchange rate fluctuations the airline lost 3.07bn/- up from 2.25bn/- of previous year, which is 38 per cent due to weaken shilling in the corresponded financial year. Nevertheless, the airline said it has embarked on a fleet expansion programme where it order five brand new ATR 600 latest series into the fleet and older series ATR 42-320 which have delivery period of three-year. “The increase of capacity is required to facilitate the execution and achievement of the airline’s five years strategic plan,” the airline said in the release without mentioning dividends offer. Tanzania Securities Chief Executive Officer, Mr Moremi Marwa said even though Precision Air did not declare dividends, the profit they made was “better than nothing (loses).” http://www.dailynews.co.tz/index.php...pre-tax-profit

February 15th, 2013, 06:24 PM	#65
Kigali_Paris Registered User Join Date: Mar 2011 Location: Edinburgh Posts: 190 Likes (Received): 11	Hey guys, I know it's not PW, but where to put that??? the other day, i had a flight on a Mwanza - Dar Es Salaam route with the new African low cost carrier FastJet and some videos were made. My thoughts and comments will follow this week-end with a trip report comparing FastJet and Air Tanzania, to be published on Airliners.net Take off video from Mwanza: http://www.youtube.com/watch?v=WShm3hE8Jto Landing at Dar Es Salaam: http://www.youtube.com/watch?v=24iKX...WdHR8Q&index=1 Enjoy!