Boeing has forecasted that the Commonwealth of Independent States (CIS) region and Russia will witness a demand for 1,170 new aircraft in the next two decades.
Released through Boeing’s annual current market outlook (CMO) for Russia and the CIS region, the forecast said that 190 of the new aircraft requirement will consist of both western and Russian-built regional type jets.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Valued at $140bn, the aircraft will be required to cater to the growing intra-CIS region traffic.
Of the 1,170 new aircraft, 810 will be single-aisle and 170 will be wide-body aircraft.
Boeing Russia and CIS president Sergey Kravchenko said: “Russia and CIS region continues to have a strong commercial aerospace market.
“We are ready to meet any customers’ demands and expectations, offering them the most fuel-efficient, reliable and capable airplanes.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe company also forecasted that the international traffic is expected to increase at an annual rate of 4.8%, and Russian and CIS airlines will require the new aircraft to cater to the extra traffic.
According to the prediction, 47%of the new deliveries will be used to replace older, less-efficient aircraft fleet made in Russia.
Boeing has estimated that 39,620 new airplanes will be needed worldwide over the next 20 years, with Russia and the CIS requiring around 3% of the total global demand.
Last month, the company in its 2016 Pilot and Technician Outlook predicted a demand for approximately 1.5 million pilots and technicians over the next 20 years.
Out of the 1.5 million requirements, 22,000 new pilots, 26,000 new technicians and 26,000 new cabin crew will be needed in Russia and CIS region.
