Boeing forecasts demand for 1,170 new airplanes in Russia, CIS region

Boeing forecasts market demand for 1,170 new airplanes in Russia and the CIS region over the next 20 years, valued at US$140 bn. The company released the numbers as part of its annual Current Market Outlook (CMO) for Russia and the CIS region. International traffic is expected to grow at an annual rate of 4.8 percent and Boeing 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% of deliveries will be used to replace older, less-efficient airplanes. “Russia and CIS region continues to have a strong commercial aerospace market,” said Sergey Kravchenko, president, Boeing Russia and CIS. “We are ready to meet any customers’ demands and expectations, offering them the most fuel-efficient, reliable and capable airplanes.”