Precision Air (PW, Dar es Salaam) will, in all likelihood, not be receiving a much-needed TZS52billion (USD32million) government bailout after Tanzanian Minister of Natural Resources and Tourism, Khamis Kagasheki, told a Parliamentary Committee on Land, Natural Resources and Environment in Dar es Salaam that having studied Precision Air's ownership structure, it was decided that 41%-shareholder, Kenya Airways (KQ, Nairobi Jomo Kenyatta), would be in a better position to rescue the airline. “The issue here is that we came to realise that Kenya Airways has a direct hand in the operations of Precision Air... that’s where the problem arises,” Mr Kagasheki told Tanzania's Citizen newspaper. Precision Air posted a TZS30.4billion (USD18.84million) loss for its most recent 2012/13 Financial Year blamed largely on high costs as well as a failed IPO last year. Mr Kagasheki said his ministry, through the Tanzania National Parks and Ngorongoro Conservation Area Authority, had considered the bailout as part of a strategy to improve transport to the country's northern provinces but had cooled on the move given the airline's shareholding.