Editing Precision Air (section)

===Ownership===
Precision Air was privately owned until 2003, when [[Kenya Airways]] acquired a 49 percent stake, paying US$2 million, weeks after its rival [[South African Airways]] acquired a 49 percent stake in [[Air Tanzania#Partnership with South African Airways: 2002-2006|Air Tanzania]] for US$20 million. The remaining 51 percent was retained by [[Michael Shirima]], the founder of the airline.<ref name="FI">{{cite news | title=Directory: World Airlines | work=[[Flight International]] | page=65 | date=10 April 2007}}</ref><ref>{{Cite news | url=https://www.airlinecrew.net/vbulletin/showthread.php?166432-Kenya-Airways-to-buy-49-stake-in-Precision-Air&s=65239916f267e7badc95da56df5480df | title=Kenya Airways to buy 49% stake in Precision Air | website=AirlineCrew.net | access-date=4 September 2017 | language=en}}</ref>

In October 2011, Precision Air floated shares in its stock in an [[initial public offering]] on the [[Dar es Salaam Stock Exchange]], after which Shirima's and Kenya Airways's stakes declined and the new share subscribers owned 15.86 percent.<ref>{{cite news | url=https://www.businessdailyafrica.com/Precision+Air+gets+Sh510+million+IFC+boost+/-/539552/1427660/-/item/0/-/144vf5sz/-/index.html | title=Precision Air gets Sh510 million IFC boost | work=Business Daily | access-date=4 September 2017 | language=en-UK}}</ref> As of 31 March 2016, the major shareholders were:<ref name="Report 2016">{{cite web | title=Precision Air Services P.L.C. Annual Report and Financial Statements 2015/2016 | date=18 August 2016 | url=https://www.precisionairtz.com/images/documents/Precision-Air-Annual-Report-2015-16.pdf | access-date=6 June 2017}}</ref>{{rp|7}}

{| class="wikitable" align="center" style="margin:1em auto;"
|- 
!style="background-color:#3D590E;color: white;" | Name 
!style="background-color:#3D590E;color: white;width:100px;" | No. of Shares
!style="background-color:#3D590E;color: white;width:60px;" | Interest
|-
| Michael Shirima || align=right | 68,857,650 || align=right | 42.91%
|-
| Kenya Airways || align=right | 66,157,350 || align=right | {{0}}41.23%
|-
| Precision Air [[Employee stock option|Employee Share Option Scheme]] || align=right | 1,765,300 || align=right | 1.10%
|-
| Other shareholders || align=right | 23,689,500  || align=right | 14.76%
|-
| '''Total''' || align=right|'''160,469,800''' || align=right|'''100.00%'''
|}