Hivi mwenye Precision Air ni nani na ni mtu wa wapi.
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 21[SUP]st[/SUP] 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.
Mr. Michael N. Shirima Chairman of the Board
Michael Shirima is a Tanzanian national who founded and built Precision Air Services Limited. He undertook aviation studies in the United Kingdom and USA and joined East African Airways where he worked as an Aircraft Performance Engineer. Michael rose through the ranks to the position of Operations Manager until the closure of that airline in 1977 due to the termination of the East African Community.
Following the closure of East African Airways, Mr Shirima participated in the formation of Air Tanzania Corporation, and was appointed to the position of Director of Operations a role he held for two years. He then left formal employment so as to fulfil his dreams of private business. The initial business venture he undertook was in coffee exporting. In 1986, he formed a crop dusting company with the function of aerial spraying of large scale crops. His passion however always remained in aviation and in 1991 he registered Precision Air Services Limited to operate passenger charter flights into the National Parks and subsequently scheduled flights.Mr Shirima has served as board member of Tanzania Coffee Authority and The Bank of Tanzania. He has also served as Chairman of The Tanzania Coffee Association and The Tanzania Golf Union.