page_title: Precision Air
section_title: Business trends
hierarchical_section_title: Precision Air / Corporate affairs / Business trends
caption_attribution_description: &#160;Tanzania, views in Mwanza
context_page_description: Precision Air Services Plc 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.
context_section_description: The trends for the Precision Air group over recent years are shown below. Because it was a private company until 2011, published figures were not generally available before the initial public offering prospectus of 12 September 2011. The figures for the group (Precision Air Services Plc and its subsidiaries Precision Handling Limited and Precise Systems Limited) (as at year ending 31 March) are:
  Published reports in June 2013 indicated that Precision Air had encountered substantial financial difficulties, stemming in part from losses incurred while operating flights to and from Johannesburg, South Africa. Those flights ended in September 2012. The Citizen, a Tanzanian newspaper, reported in August 2013 that the airline "desperately" needed a US$32 million bailout package from the Tanzanian government or other non-shareholder sources. The airline's problems increased in 2011 when it received only US$7.4 million of the US$17.5 million in cash that the airline hoped to receive when first listed on the Dar es Salaam Stock Exchange. Increasing fuel prices, taxes, and levies plus currency fluctuations and the refusal of minority owner Kenya Airways to contribute capital had also hurt the airline.
caption: The Precision Air's Boeing 737-300 at Mwanza Airport in 2010
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