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Boeing projects $110 billion market in Russia, CIS
Posted On: Aug 16, 2011
Boeing 787 Dreamliner. A Boeing photo.
Boeing forecasts that air carriers in Russia and Commonwealth of Independent States (CIS) will take delivery of 1,080 new airplanes over the next 20 years at an investment of $110 billion.
New airplane deliveries in the region will be driven largely by the need to retire older, less fuel-efficient single-aisle airplanes and regional jets, as airlines replace them with new-generation, more fuel-efficient models, according to a news report by Boeing.
"Demand for airplanes also will be fueled by an increase in the number of people flying to, from and within Russia and CIS," said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes, who released Boeing's 2011 CIS market outlook Monday in Moscow.
Boeing forecasts that single-aisle airplanes will grow from 55 percent of the total CIS fleet today to 66 percent of the fleet by 2030. Airlines are increasingly focusing on airplane age as fuel-thirsty, older airplanes weigh increasingly on earnings. Increased attention to aviation's impact on global climate change also will be a factor in selecting airplanes that produce lower carbon emissions.
Twin-aisle fleets will evolve in the region as airlines continue to expand international point-to-point services to a wider range of airport pairs and frequencies. Small- and mid-sized twin-aisle airplanes will represent 18 percent of the CIS fleet by 2030. Within the CIS market, Boeing sees a demand for 200 new, efficient twin-aisle airplanes such as the 787 Dreamliner.
Large airplanes (747-size and larger) will not see significant demand in CIS, accounting for only four percent of all deliveries over the next 20 years. Approximately 40 large airplanes are projected for CIS through 2030.
Boeing also forecasts demand for 160 regional jets in the CIS. These aircraft will be used to accommodate traffic growth to smaller secondary markets within the region and to replace older aircraft.
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