Boeing Forecasts Demand for 1,170 New Airplanes in Russia, CIS region

Published on : Tuesday, August 2, 2016

boeingBoeing forecasts market demand for 1,170 new airplanes in Russia and the CIS region over the next 20 years, valued at $140 billion. The company released the numbers as part of its annual Current Market Outlook (CMO) for Russia and the CIS region.

International traffic is expected to grow at an annual rate of 4.8 percent and Boeing predicts Russian and CIS airlines will need 810 single-aisle and 170 widebody airplanes to handle the increase.

 

With strong demand for replacing an increasingly aging fleet of Russian-built airplanes, 47 percent of deliveries will be used to replace older, less-efficient airplanes.

 

 

“Russia and CIS region continues to have a strong commercial aerospace market,” said Sergey Kravchenko, president, Boeing Russia and CIS. “We are ready to meet any customers’ demands and expectations, offering them the most fuel-efficient, reliable and capable airplanes.”

 

 

Boeing estimates 190 regional jets, both western and Russian built, will be required over the next 20 years; this demand is being driven by the growth that the intra-CIS region has been experiencing.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.

 

 

Forward-Looking Information Is Subject to Risk and Uncertainty
Certain statements in this release may be “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “forecasts,” “projects,” “plans,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. Examples of forward-looking statements include statements relating to our future plans, business prospects, financial condition and operating results, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict.

 

 

Many factors could cause actual events to differ materially from these forward-looking statements, including economic conditions in the United States and globally, general industry conditions as they may impact us or our customers, and other important factors disclosed previously and from time to time in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made and we undertake no obligation to update or revise any such statement, except as required by law.

 

 

Source:- Boeing

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