Investment17 Sept 2025, 08:34 pm
Afcom Holdings to Establish Unique Trade Lane Belt with Boeing 777 Aircraft Induction
AI Summary
Afcom Holdings Ltd. has issued a corrigendum to the AGM Notice for FY 2024 - 2025, which will be held on September 25, 2025. The corrigendum includes details about the preferential placement and qualified institutional placement. Afcom aims to establish a trade lane belt from Japan to South & West Africa and make Chennai its International Cargo Hub by inducting 4 units of Boeing 777 Wide Body Aircraft before the end of the 1st quarter of FY 2027-28. The capex for these aircraft will be deployed from the proceeds of the Preferential Equity and QIP. The Boeing 777 Freighter is known for its long-range, high payload capacity, and fuel efficiency.
Key Highlights
- Afcom Holdings to establish a unique trade lane belt from Japan to South & West Africa
- Chennai to become Afcom's International Cargo Hub
- Induction of 4 units of Boeing 777 Wide Body Aircraft
- Capex for aircraft to be deployed from Preferential Equity and QIP proceeds
- Boeing 777 Freighter has a long-range and high payload capacity