Zela Aviation and Precision Air sign strategic agreement

The agreement provides for the mediation of Zela Aviation, which will act as the general representative for leasing Precision Air's aircraft, crews, maintenance and insurance of aircraft to foreign airlines.

Precision Air's managing director and CEO, Patrick Mwanri, said: "We are excited to begin this new venture; the aviation industry is witnessing many changes and challenges since the pandemic; therefore, as a business, we have no option than to be agile.”

Mwanri added: “Precision Air's partnership with Zela Aviation will enable the optimum utilization of their aircraft, as they are currently not fully utilised due to decreased demand in travel. The cooperation will most importantly provide a source of ancillary revenues during the low season.”

Zela Aviation chairman, Andreas Christodoulides, said: "We will work closely with Precision Air to see this partnership is fruitful and both sides achieve their business goals.”