Is an LNAV/VNAV approach ( Managed Approach in Airbus lingo ) considered a Precision Approach ? News to me...
No, in the US at least, it's considered an approach with vertical guidance. (APV)
Originally Posted by AIM 5-4-5
(b) Approach with Vertical Guidance (APV). An instrument approach based on a navigation system that is not required to meet the precision approach standards of ICAO Annex 10 but provides course and glidepath deviation information. For example, Baro-VNAV, LDA with glidepath, LNAV/VNAV and LPV are APV approaches.
APV minimums are currently published with a DA rather than a MDA. I have a hazy recollection of seeing at least one RNAV/GPS approach with higher minima on the LNAV/VNAV line than on the LNAV line. I'm not sure, but that may be explained by allowing some room for the descent to climb transition?