Russia, CIS plane market $70 bln over 20 yrs -Boeing

Newswire

ZHUKOVSKY, Russia, Aug 22 (Reuters) - Airlines in Russia and former Soviet states will need to spend about $70 billion on more than 1,000 new aircraft over the next 20 years to keep up with soaring air travel, plane maker Boeing said on Wednesday. Air traffic in Russia and the Commonwealth of Independent States (CIS) is expected to grow 6 percent a year over the next 20 years, Boeing said in a statement. "We will witness significant growth in the demand for air travel as the economies of ...

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