Boeing predicts growth in Russia

An annual study by Boeing has forecasted that Russia and the Commonwealth of Independent States (CIS) will require 1,060 new aircraft worth $70bn over the next 20 years.

This year’s Boeing Current Market Outlook was the first to provide a forecast for the Russia and CIS region. It predicted that 470 aircraft worth $30bn in the Boeing 737 size range would account for 44 per cent of all commercial jetliners delivered to the region in the 20-year period.

Other predictions included 11 per cent of aircraft similar to twin-aisle Boeing 777 and 787, valued at $20bn; 43 per cent of units being smaller regional jets; and two per cent the size of the Boeing 747 or larger.

Craig Jones, vice-president of sales for Russia/CIS, Boeing Commercial Aeroplanes, said: ‘Domestic and international air traffic has increased in Russia and the CIS by 36 percent over the last 10 years. Most indicators point toward continued economic growth for the region.