Company Disclosure

Afcom Holdings Limited (BSE Scrip Code: 544224) has submitted a regulatory filing pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Nature of Event

The company has executed a Letter of Intent (LOI) with The Boeing Company for the acquisition of up to four Boeing 777-8F Freighter Aircraft.

Transaction Details

  • Number of aircraft: Up to four Boeing 777-8F Freighter Aircraft
  • Counterparty: The Boeing Company
  • Document type: Letter of Intent (LOI)
  • Announcement date: September 02, 2026
  • Filing date: September 03, 2026

Strategic Rationale

The acquisition is described as a significant step in AFCOM's fleet expansion and international growth strategy. The aircraft will strengthen the company's capabilities for long-haul air cargo operations and international connectivity across key trade corridors.

Technical Specifications

The Boeing 777 wide-body freighters have approximately five times the capacity of AFCOM's existing B737-800 freighters. The aircraft are planned for long-haul sectors requiring 10–12+ hours of flying.

Management Commentary

Capt. Deepak Parasuraman, Chairman & Managing Director of Afcom Holdings Limited, commented: "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. 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."

Company Background

AFCOM Holdings Limited, established in 2013, is described as an integrated air cargo solutions company with operations across domestic and international routes. The company was founded by aviation veteran Capt. Deepak Parasuraman, who brings over 25 years of experience in the sector. The company offers airport-to-airport cargo transport services and various cargo solutions including General Cargo, Flying Fresh, Flying Pharma, Flying Priority, Fly Courier, Project Cargo, Dangerous Goods, and High-Value Cargo across ASEAN and Middle-Eastern countries.