Boeing Projects $140 Billion Aircraft Demand in Russia, CIS

By Juliet Van Wagenen | August 2, 2016
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Russia’s Transaero Airlines Boeing 737-800
Russia’s Transaero Airlines Boeing 737-800. Photo: Boeing

[Avionics Today 08-02-2016] Boeing forecasts market demand for 1,170 new airplanes in Russia and the Commonwealth of Independent States (CIS) region over the next 20 years, valued at $140 billion. The company released the numbers as part of its annual Current Market Outlook (CMO) for Russia and the CIS region.

Boeing expects international traffic to grow at an annual rate of 4.8 percent and predicts Russian and CIS airlines will need 810 single-aisle and 170 widebody airplanes to handle the increase. With strong demand for replacing an increasingly aging fleet of Russian-built airplanes, 47 percent of deliveries will be used to replace older, less-efficient airplanes.

Boeing estimates 190 regional jets, both western and Russian built, will be required over the next 20 years; this demand is being driven by the growth that the intra-CIS region has been experiencing. The company projects a worldwide demand for 39,620 new airplanes over the next 20 years with Russia and the CIS requiring nearly 3 percent of the total global demand.

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