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Showing posts from July, 2014

Air Uganda suspend operations indefinitely.

The Aga Khan owned Air Uganda has announced an indefinite suspension of operations.  Air Uganda, the quasi national airline, had their air operators certificate revoked last month by the Uganda Civil Aviation Authority (CAA) that stopped them from making international flights.  Air Uganda is the operating name of Meridiana Africa Airlines Limited.  It employed 231 staff who might now have to secure new jobs.  The suspension of business followed an audit of the policies and procedures of CAA by the International Civil Aviation Organisation (ICAO) between 11th and June 17th. Cornwell  Muleya, the Air Uganda Chief Executive Officer says the extended grounding of their three bombardier CRJ 200 fleet has affected lease agreements, the airline had entered into, forcing them into a wall. “Air Uganda has been working with CAA since 17th June to implement revised procedures at the CAA required by ICAO and had expected its AOC (operators’ certificate) to

Precision Air End Of Year Financial Statements (2014) - full report.

Highlights of the year: Detailed Financial Report can be found on the following link. PRECISION AIR SERVICES PLC DIRECTORS’ REPORT AND FINANCIAL STATEMENTS 31 MARCH 14

Precision Air announces its annual financial results, narrows net loss by TSh18 billion.

Precision Air Group is heading towards profitability as it reduced its annual net loss by 60 percent during the year ending March 2014.   Precision Air Services PLC (operating as   Precision Air ;   DSE :PAL) has announced their annual results for the Financial Year which ended on 31st of March.     The Tanzania’s only airline listed on Dar es Salaam Stock Exchange (DSE), recorded a net loss of Tanzania Shillings 12.1 billion during the year ending March 2014, a massive improvement from a TSh30.1 billion recorded during the year ending March 2013.  However, the company made an operating profit of TShs3.6 billion as compared to the loss of the previous financial year of 18.1 billion, translated as an improvement of over 120 percent indicating a prosperous future for the airline. With the cost serving measures and turnaround strategy well  under-way , the company is expected to return to profitability at the end of this or the following financial y

Airbus launches the A330neo

Following a decision by the Board of Directors of the Group, Airbus has launched the A330-800neo and A330-900neo, two new members of its Widebody Family, which will incorporate latest generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features. Benefitting from the unbeatable economics, versatility and high reliability of the A330, the A330neo reduces fuel consumption by 14% per seat, making it the most cost efficient, medium range Widebody aircraft on the market. In addition to greater fuel savings, A330neo operators will benefit from a range increase of up to 400 nautical miles and all the operational commonality advantages of the Airbus Family. Deliveries of the A330neo will start in Q4 2017. “The A330 is a very important margin contributor for our Group. It’s also one of the most reliable and efficient commercial aircraft ever. Customers love it. With our decision to re-engine the plane, we will keep the A330 flying high for many more years to c

Air Uganda’s suspension leaves flight nightmare

An air ticket to fly Kenya Airways from Uganda’s Entebbe airport to Jomo Kenyatta in Nairobi has become the hottest selling item in the region. An Air Uganda plane at Entebbe Airport This disarray in the aviation industry comes three weeks after the suspension of Air Uganda – the other alternative airline on the 45-minute route. Ticket prices for Kenya Airways (KQ) have shot up to between $500 and $1,500, more than twice the previous amount, according to Kelley Mac Tavish, the executive director, Pearl of Africa Tours and Travel. This has made the Entebbe – Nairobi flight probably the most expensive shortest flight route in the world, with KQ exploiting the gap by increasing its flights out of Entebbe to seven, from five every day. For passengers on KQ, the pain runs deeper in that getting the ticket is just not enough; the chances of overbooking and missing the flight have shot up at the airline, according to testimonies from one passenger, who flew to Nairobi o

fastjet launches pre-paid seating option on all flights

fastjet have expanded their ancillary product offering to include the option of pre-booking preferred seats when travelling to or from any of their seven destinations.  fastjet, the low-cost pan-African airline, has introduced a pre-paid seating option on all flights to and from its international and Tanzanian domestic destinations from 3 rd  July 2014. All passengers flying to and from the airline’s seven destinations will continue to be assigned a seat free of charge when checking in at the airport, but they now have the option of selecting and paying for a preferred seat when booking their flights, or adding this preference to their booking up to 24 hours prior to their flight departure. There are two types of allocated seats available for purchase across fastjet’s fleet of A319 jet aircraft. Passengers can pay US$5 per seat one-way for premium seats in the ‘quick-exit’ rows 1 and 2 at the front of the aircraft and for the ‘extended legroom’ seats situated in ro

Precision Air resumes Kigoma Flights, increases Mwanza-Nairobi frequencies

Will fly to Kigoma three times a week, increases Mwanza  Nairobi flights from 4 to 14 times a week. Tanzanias leading domestic airline, Precision Air, has announced the resumption of flights to Kigoma and increased frequencies between Mwanza and Nairobi effective from 1st August. According the airline’s Group Managing Director and CEO, Sauda Rajab the Swala tailed airline will be operating three flights a week from its mini hub Mwanza to Kigoma and fourteen flights a week between Mwanza and Nairobi. Ms.Rajab said that Precision Air will be flying to Kigoma on Monday, Wednesday and Friday uplifting passengers from Mwanza Air Port. “We have considered the demand from the market and since we understand the obligations that we have as the biggest domestic Airline in Tanzania, we will resume our operations to Kigoma effective from August 1.  We believe the resumption of this route goes hand in hand with government efforts to improve the accessibility to the west