COVID-19 vaccines hold hope of recovery for Indian airlines
The industry is expected to play a vital role in the country's impending anti-Covid offensive via vaccines.
Already at an advance stage of planning, the industry and especially its leading players have formed dedicated teams, new specialised logistical arms to safely and efficiently transport veils across India and potentially around the world.
Notably, the airline industry has the capability to quickly transport the temperature sensitive vaccines across the country from the pharma hubs of Hyderabad and Pune.
From a pure business standpoint, the integration of cold-chains, logistics and the last-mile delivery will boost the revenue stream of the sector.
"Cargo operations have already gained pace for the airlines in the absence of adequate passenger traffic. And depending on the economics for the vaccine, air transportation is a probable option," said Kinjal Shah, Vice President, ICRA.
"This can definitely be an additional revenue stream for the airlines."
According to Vasudevan S. , Partner, Aviation, KPMG in India: "It is a huge business and revenue generation opportunity for India and can create new jobs as well, but the larger focus should be on nation building and stamping our reputation globally as a reliable ally and business partner."
Besides, Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research contended that: "It is unlikely that such an activity will have strong profit margins at least in the initial stage since it is expected to be viewed more as a corporate social responsibility (CSR) particularly by the government."
A case-in-point is airline major SpiceJet, which has tied-up with logistics' firms to provide seamless end-to-end cold chain solutions for Covid-19 vaccine delivery.
Furthermore, SpiceJet's cargo arm, SpiceXpress launched a new specialised service, Spice Pharma Pro, dedicated to transporting Covid vaccines, medicines, blood samples and temperature-sensitive cargo.
With Spice Pharma Pro, SpiceXpress has said that it has the capability to transport extremely sensitive drugs, vaccines, blood samples and medicines in controlled temperatures ranging from minus 40 degrees Celsius to (plus) 25 degrees Celsius.
On its part, AirAsia India has marshalled a dedicated cargo services team for evaluating the special logistics requirement, such as temperature controlled containers, that may be needed for transportation of vaccine and are evaluating various measures to support the same.
"Airlines and freighter services will have to work with shorter turnaround times which AirAsia specialises in, to deliver and meet the demand."
Without divulging details of its own plans, a Vistara spokesperson said: "At Vistara, we are fully committed to extend support to the government and look forward to contributing to this big mission to the best of our ability and resources."
As per IndiGo, it will evaluate the shipment of Covid-19 vaccines onboard its aircraft.
In addition to airlines many airports around the country including Delhi's IGIA have stated to make preparations to receive the vital cargo.
The do’s and don’ts of a Solar Eclipse — here what you need to know to protect yourself
The total solar eclipse and its 'diamond rings' won't be visible in India on December 14