Afcom Holdings Ltd. Declared as 'Designated Indian Carrier' by Ministry of Finance

Afcom Holdings Ltd. has been declared as a 'Designated Indian Carrier' by the Ministry of Finance as per the Gazette Notification No. S.O. 859(E) issued on February 17, 2026. This designation allows the company to enjoy benefits under the applicable statutory framework, including exemption from Value Added Tax (VAT) on purchasing Aviation Turbine Fuel. The company anticipates operational cost efficiencies in the range of 5% to 7% of overall cost of operations, which is expected to positively impact its operating margins and overall financial performance.