Boeing leaders recently predicted that there will be an increased market demand for aircrafts in the CIS region and Russia during the next two decades, rising to 1,170 new airplanes worth $140 billion.
These figures are part of Boeing’s yearly Current Market Outlook (CMO) reports for the CIS area and Russia.
The Commonwealth of Independent States (CIS) was formed when the former Soviet Union broke up in 1991. It consists of 10 former Soviet Republics: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan.
The statistics suggest that international traffic will continue to grow, increasing by approximately 4.8 percent each year. As part of this, Boeing expects Russia and CIS airlines to request 170 widebody airplanes as well as 810 single-aisle airplanes in order to handle the ongoing rise in international traffic.
With these new airplanes, Russia will begin to replace its aging fleet. The fleet has needed replacement for some time, as it is comprised of only older planes built in Russia. The new aircrafts will replace 47 percent of the Russian fleet, removing the less efficient, older airplanes from the air.
“Russia and CIS region continues to have a strong commercial aerospace market,” Sergey Kravchenko, president, Boeing Russia and CIS, said. “We are ready to meet any customers’ demands and expectations, offering them the most fuel-efficient, reliable and capable airplanes.”
The CMO is a jet forecast publication, the longest running of its kind. It is considered to be one of the most comprehensive analyses that the aviation industry has.
This is good news for the North Charleston region, since it is home to a large Boeing manufacturing and assembly presence.
Want to get notified whenever we write about The Boeing Company ?
Sign-up Next time we write about The Boeing Company, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.