Afcom Holdings Takes Flight with Boeing Deal

Afcom Holdings has made headlines after signing a Letter of Intent with Boeing for up to four 777-8F Freighter aircraft. This proposed fleet expansion is expected to significantly boost Afcom's capacity to handle air freight demand across domestic and international markets.

The stock, which operates in the air freight transportation business, saw an 8% surge after the announcement, closing at Rs 1,651. It had opened at Rs 1,495 and touched an intraday high of Rs 1,650.

The Boeing 777-8F is a long-range freighter designed for cargo transportation, representing a significant step-up in Afcom's existing fleet capacity.