Precision Air [SEP] airline hub
Precision Air
Precision Air Services Plc (operating as Precision Air; DSE:PAL) is a Tanzanian airline based at Julius Nyerere International Airport in Dar es Salaam, with a minihub at Mwanza Airport. The airline operates scheduled passenger services to Nairobi, Entebbe, and airports in Tanzania.
History.
Precision Air was incorporated in Tanzania in January 1991 as a private airline and started operations in 1993. At first, it operated as a private charter air transport company but in November 1993 changed to offering scheduled services to
Ngorongoro Crater, the island of Unguja, and other tourist attractions in Tanzania. As customer numbers grew, the airline acquired more equipment and began scheduled flights maintaining Arusha as its base. In 2003, Kenya Airways, the largest airline in East Africa, acquired 49% shareholding in Precision Air for a cash sum of US$2 million.
Precision Air is headquartered in Dar es Salaam, the largest city in Tanzania. In October 2011, Precision Air floated 30.35 percent shareholding in the airline stock, in an Initial Public Offering