Afcom signs LOI to acquire up to four Boeing 777-8Fs

Indian air cargo solutions company Afcom Holdings Limited has signed a letter of intent (LOI) for up to four Boeing 777-8 freighters.

The company, which operates a cargo airline across domestic and international routes serviced by Boeing 737-800Fs, disclosed the LOI in an announcement on the Bombay Stock Exchange (BSE).

The possible order marks a significant step in Afcom’s fleet expansion and international growth
strategy, strengthening its capabilities for long-haul air cargo operations and international connectivity
across key trade corridors.

Deepak Parasuraman, chairman & managing director of Afcom, said: “This proposed acquisition is an important step in AFCOM’s growth journey, giving us greater scale and flexibility to pursue larger cargo opportunities and serve evolving customer requirements across markets.

“As we move ahead, our focus will remain on disciplined expansion, efficient execution and building a stronger, more connected air cargo business for the long term. The addition of this capacity will also give us greater flexibility to participate in international cargo flow and respond to changing demand across key trade corridors.”

Afcom transports a range of shipments including general cargo, perishables, pharma, project cargo, dangerous goods and high-value cargo. In addition to standard shipping it offers priority and courier options.

The company’s services extend across various ASEAN and Middle-Eastern countries.