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Vector Aerospace signs exclusive agreement with Precision Air Services

Posted 3 November 2017 · Add Comment

Vector Aerospace has signed a new seven-year exclusive engine service agreement with Precision Air Services to support the Tanzanian airline's fleet of ATR regional turboprop aircraft.



Above:
(left to right) Gennaro Sicurezza, Technical Director of Precision Air Services; Christian Venzal, CEO of Vector Aerospace France; Sauda Raja, CEO of Precision Air Services; Elly Osewe, CFO of Precision Air Services; and Tayeb Bouhassis, Regional Sales Director with Vector Aerospace France.

The signing of this new agreement demonstrates Precision Air Services’ confidence in the support received from Vector’s facility in Gonesse, France, over the past three years.

Precision Air is the second largest operator of ATR aircraft in Africa, flying a fleet of five ATR 72-500, three ATR 42-500 and one ATR 42-600 regional turboprops to destinations including Nairobi, Kilimanjaro, Arusha, Zanzibar and Dodoma.

While signing the agreement, Ms. Sauda Rajab, CEO of Precision Air Services, said: “It is indeed an honor to renew our contract with Vector Aerospace France, who have over the last three years done a remarkable job in overhauling our engines. Vector Aerospace France has been a true partner working with us tirelessly to ensure we put back the bulk of our aircraft into operation. I take this opportunity to personally thank them for their support over the last three years and to assure them of our continued patronage of their services in the years to come.”

“We have been partnering with Precision Air Services for the past three years, and we are proud and honored to receive this new vote of confidence,” said Christian Venzal, CEO of Vector Aerospace France. “This exclusive seven-year agreement will further reinforce our commitment to Precision Air to increase its operational efficiency, thanks to the remarkable robustness and quality of our relationships. This is a great achievement.”

Under the terms of the exclusive multi-year agreement, Vector will provide Precision Air with comprehensive engine maintenance, repair and overhaul services from its Gonesse facility on the outskirts of Paris, along with engineering, training and engine condition trend monitoring (ECTM) services.

“We are delighted to count Precision Air Services among our partners,” said Tayeb Bouhassis, Regional Sales Director with Vector Aerospace France. “This contract reinforces the perception of the Vector brand, and consolidates our leading position in the African large turboprop engine MRO market.”

Precision Air Services is a Tanzanian publicly owned company, with the principal shareholders being Kenya Airways (which owns 41%) and entrepreneur Mr Michael Shirima (who holds 42%), with the remaining 17% of the airline being owned by the Tanzanian public. Precision Air Services provides safe, efficient and reliable air transport to Coastal East Africa and neighboring countries, and has a code-sharing partnerships with other airlines including Etihad, Kenya Airways, KLM and Swiss.

 

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