Boeing Commercial Airplanes issued a new 20-year regional market forecast for aircraft demand in Russia and the CIS region, predicting a need for 1,170 new aircraft by 2035 – a total pegged at $140 billion. “Russia and CIS region continues to have a strong commercial aerospace market,” stated Sergey Kravchenko, president, Boeing Russia and CIS.
For perspective, Boeing’s 20-year outlook for global aircraft demand sees a need for 39,620 new airplanes, with the Russia/CIS region representing nearly 3% of total global demand.
The Confederation of Independent States (CIS) is a loose association of former Soviet republics with nominal authority in trade, finance, lawmaking, and security. Along with Russia, the full members are Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, and Uzbekistan. Georgia, Turkmenistan, and Ukraine are former Soviet republics, but are not CIS member states.
Russia has a major aircraft manufacturer of its own, mainly consisting of former Soviet design and manufacturing enterprises for civilian and military jets, now consolidated as United Aircraft Corp., and similar set-ups producing helicopters, and smaller aircraft.
“Russia and CIS region continues to have a strong commercial aerospace market,” stated Sergey Kravchenko, president of Boeing Russia and CIS. “We are ready to meet any customers’ demands and expectations, offering them the most fuel-efficient, reliable and capable airplanes.”
In its outlook, Boeing identified a growing volume of international air traffic (rising 4.8% annually over the forecast period) driving Russian and CIS airlines to require 810 single-aisle and 170 wide-body jets through 2035. Simultaneously, there will be a significant need for the carriers to replace an increasingly aging fleet of Russian-built airplanes. Boeing forecasts that 47% of new aircraft deliveries will be used to replace older airplanes.
Domestic and regional airline service will require 190 regional jets (from both Russian and non-Russian suppliers) over the 20-year period, Boeing forecasts.
Boeing projects a worldwide demand for 39,620 new airplanes over the next 20 years with Russia and the CIS requiring nearly three percent of the total global demand. Boeing's Current Market Outlook is the longest running jet forecast and regarded as the most comprehensive analysis of the aviation industry.