1 hr ago
Afcom Signs Boeing LOI for Four 777-8F Freighters
Afcom is a cargo airline based in Chennai, India.
It has agreed to discuss buying as many as four large Boeing 777-8F cargo planes.
This agreement is called a letter of intent, so it is not yet a final purchase.
The airline still needs to complete official contracts with Boeing.
If the deal happens, Afcom would become the first Indian carrier to order this type of plane, according to the company.
Afcom currently flies smaller Boeing 737-800 cargo planes.
It recently began flying between Navi Mumbai and Dubai World Central three times each week.
The expansion follows a strong year of growth for the company.
Afcom Holdings signed a letter of intent with Boeing for up to four 777-8F freighters.
The proposed agreement is preliminary and depends on definitive purchase documents being finalized.
If completed, it would be the first Boeing 777-8F order by an Indian carrier, according to Afcom.
The deal would expand Afcom from narrow-body 737-800 freighters into wide-body cargo operations.
Afcom’s FY26 operating revenue rose to ₹583.1 crore, while net profit reached ₹121.9 crore.
- Who
- Chennai-based Afcom Holdings and Boeing.
- What
- Afcom signed a letter of intent for up to four Boeing 777-8F freighters.
- Where
- Afcom is based in Chennai, India, and currently operates cargo services including Navi Mumbai–Dubai World Central.
- When
- The articles do not provide a specific signing date; the proposal was disclosed to the BSE.
- Why
- To expand cargo operations, add long-haul freight capacity, and enter wide-body freighter operations.
Key facts
- Proposed aircraft
- Up to four Boeing 777-8F freighters
- Agreement status
- Letter of intent; definitive documents have not yet been finalized
- Potential milestone
- Afcom says the deal would be the first Boeing 777-8F order by an Indian carrier
- Current fleet
- Boeing 737-800 freighters
- New cargo route
- Navi Mumbai to Dubai World Central, three times weekly
- FY26 operating revenue
- ₹583.1 crore, compared with ₹238.7 crore in FY25
- FY26 net profit
- ₹121.9 crore, compared with ₹36.9 crore in FY25
Sources
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