Up to four twinjet freighters covered by letter of intent but few other details emerge.
Indian air cargo firm Afcom Holdings has reached a provisional agreement with Boeing to acquire up to four 777-8F aircraft.
While the agreement takes the form of a letter of intent, Afcom says the proposed acquisition “marks a significant step” in the company’s fleet-expansion strategy.
Chennai-based Afcom currently operates 737-800 freighters but it is looking to carry out services on long-haul sectors with durations of 10-12h.
“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,” says chair Deepak Parasuraman.
“Our focus will remain on disciplined expansion, efficient execution and building a stronger, more connected air cargo business for the long term.”
No proposed delivery dates have been disclosed.
Afcom was established in 2013 and conducts transport services for a variety of cargo types across the Middle East and Asia-Pacific region.
“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,” says Parasuraman.
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