19 November 2012

Tanzania: Precision in U.S. $100 Million Development Drive

Dar es Salaam — Precision Air Services, one of the fast growing airlines in the region has announced plans to invest about $100m to expand the company's fleet modernization program.

The investment will see the airline acquiring a total of five brand new aircrafts that include the ATR 42-600s and ATR 72-600 in the next three years.

"The introduction of these new series aircrafts will increase our ATR fleet to 14 aircraft thus making our carrier the largest ATR operator in Africa," the airline's Chief Executive Officer and Managing Director, Mr. Alfonse Kioko said in Dar.

Kioko said the addition of the five aircrafts to the already existing young fleet together with the airline's mission will work to develop and provide excellent flight services to meet the customer demand.

He said his carrier is focused on making Tanzania the first African country to own sophisticated and modern navigation model aircrafts that will optimize time for approach, reduce fuel consumption and more comfort for passengers.

The ATR 600 series offers outstanding performance enhancement, expanded operational versatility especially at take-off on short runways, a redesigned cabin with the latest avionics technology and an ability to operate in areas with little established infrastructure.

"The delivery of the very first ATR 42-600 is the latest milestone in ATR's long journey together with Precision Air.

"Today, the carrier joins a group of world class airlines that are redefining on-board comfort and achieving an unrivalled level of cost efficiency," ATR Chief Executive Officer, Mr. Filippo Bagnato said.

He further explained with the ATR 42-600, Precision Air carries on its approach of continuous improvement and meeting the challenging strong growth in air travel in Africa in the most cost-effective way possible.

"We are convinced that our longstanding and fruitful long-term relationship will continue growing and developing in the coming years," he said.

Bagnato added that Tanzania remains an important market for them noting that his company will do all it can to ensure bonding between the two parties continues.

The airline will take delivery of the first two ATR 42-600s this year, one being November and followed by the second one in December 2012.

The next delivery phase of the other two ATR 42-600's will be in the second half of 2013. Precision expects to take delivery of the last aircraft, the ATR 72-600 in 2014.

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