The Russian airline sector will require 810 new singleaisle aircraft over the next 20 years including Boeingrsquos new 737 MAX the latest iteration of its bestselling 737 series Russia39s Aviation Capital Services an aircraft leasing agency has committed to buy 35 Boeing 737 MAX jets

Boeing Forecasts Russian Market Demand at $140B

Aug. 4, 2016
Rising international travel, domestic aircraft replacement will drive new regional need for 1,170 new planes 810 single-aisle aircraft 170 wide-body aircraft 190 regional jets

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.

Just under a year ago, Boeing’s rival jet-builder Airbus issued a 20-year forecast for Russia and the CIS region, predicting demand for 1,280 new aircraft, and valuing that demand at $150 billion.

“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.

About the Author

Robert Brooks | Content Director

Robert Brooks has been a business-to-business reporter, writer, editor, and columnist for more than 20 years, specializing in the primary metal and basic manufacturing industries. His work has covered a wide range of topics, including process technology, resource development, material selection, product design, workforce development, and industrial market strategies, among others. Currently, he specializes in subjects related to metal component and product design, development, and manufacturing — including castings, forgings, machined parts, and fabrications.

Brooks is a graduate of Kenyon College (B.A. English, Political Science) and Emory University (M.A. English.)