Afcom, India’s national cargo airline, has signed a preliminary agreement to acquire up to four Boeing 777-8F freighters. The deal is outlined in a letter of intent, though additional terms or financial specifics remain undisclosed.
Afcom Holdings reports an 86% year-on-year increase in profit after tax to ₹392.4 million for Q1 of FY2026-27. Revenue from operations rises 48% to ₹1.761 billion compared to ₹1.189 billion in the same period last year. The company covers the quarter ended 30 June 2026.
Afcom Holdings debuts on the BSE SME platform at ₹108 per share, marking a 90% premium over its IPO price. The stock jumps 99.5% on its first trading day, driven by high demand. The IPO was oversubscribed 303 times, reflecting strong investor interest.
Afcom Holdings leases three aircraft to expand its air cargo capacity. The company currently operates routes to India, Singapore, Indonesia, and Brunei, and will soon add services to Hanoi and Bangkok, targeting broader ASEAN coverage.
