SpiceJet And Snowman Logistics Signs MoU For Vaccine Distribution

The share price of Spicejet and Snowman Logistics rallied after both the company came together and signed MoU for the transportation of the Covid-19 Vaccine.

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The share price of Snowman Logistics closes at Rs. 64.80 with 5.80% gain for the day, whereas the share price of Spicejet closes at 105.20 with 5.52% gain for the day.

SpiceJet and Snowman Logistics have signed a memorandum of understanding (MoU) for the movement of COVID-19 vaccine to jointly offer seamless air logistics to Snowman clients and customers by combining their areas of expertise and strength, the airline said in a release.

The airline said its dedicated freighters, operated under the SpiceXpress cargo division, are capable of transporting sensitive drugs and vaccines in controlled temperatures ranging from (-) 40 degrees celsius to (+) 25 degrees celsius, both domestically as well as internationally.

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“Snowman will handle the ground services which includes activities such as transportation to/from manufacturers, warehouses, airports and consumption points, packing, storage, and warehousing, in the required temperature zones,” the Snowman Logistics company said in a BSE filing.

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