Afcom Holdings Signs Long-Term Jet A-1 Fuel Supply Deal with HPCL, Effective September 2026
Why It MattersThe deal underscores growing infrastructure support for India's expanding cargo aviation sector as freighter operators scale fleets and route networks.
Indian cargo carrier Afcom Holdings has signed a long-term aviation fuel supply agreement with Hindustan Petroleum Corporation Limited (HPCL), effective September 1, 2026. Under the agreement, HPCL will supply Jet A-1 fuel to Afcom across its pan-India aviation fuelling network through a single supply framework structured on IATA Model Terms and supported by a Location Agreement, with quality assurance provided as per IS 1571:2008.
Sibi Mathew, Executive Director (Aviation) at HPCL, said the company was pleased to partner with Afcom Holdings as it strengthens its presence in India's growing cargo aviation segment, adding that HPCL would support Afcom's growth across its airport network through its nationwide aviation fuel infrastructure.
The agreement comes as Afcom expands its freighter operations. The company currently operates three Boeing 737-800 converted freighters and plans to grow its fleet to five aircraft by the end of 2026. Its international network covers Southeast Asia, the Maldives and the UAE, alongside domestic charter services. In September, Afcom also executed a letter of intent with Boeing for the purchase of up to four 777-8F freighter aircraft, intended to support expansion into the Far East and Africa, subject to finalisation of definitive documentation.
Afcom reported an 86% year-on-year increase in profit after tax to ₹392.4 million in the first quarter of FY2026-27, while revenue from operations rose 48% to ₹1.761 billion. During the quarter, the company operated the first cargo flight at Noida International Airport using a Boeing 737-800 freighter on the Chennai–Noida–Chennai route, carrying approximately 20 tonnes of mixed cargo. In August, Afcom shifted its freighter operations from Mumbai to Navi Mumbai International Airport and launched three weekly services from Navi Mumbai to Dubai World Central.
Afcom received its air operator certificate in December 2024 and launched cargo services on the Chennai–Bangkok route that same month. The company currently connects Chennai with regional markets including Bangkok, Colombo and Malé.
