Russian Plans to Build 4500 Aircraft - Pie in the Sky?
Forbes, Aug 2007
Russian officials have reportedly pledged to invest over $250 billion in the country's flagging aviation industry. Analysts at Boeing and Airbus are not entirely convinced that this will be a major event. There are some independent analysts who even doubt the genuineness of the claim.
A top Russian official promised 187 billion euros of investments to build 4,500 planes over the next 18 years, a bold claim that signals a fresh boost to the country's civil aviation sector. Could this be a real turning point for the Russian aviation sector to try to take on EADS/Airbus and Boeing? Or is this a clever and zero-cost strategy to extract more from EADS & Boeing in future deals?
With Russians, you never know, but if their intention to invest this kind of money is indeed genuine, wow, there will be a plethora of opportunities for Russian entrepreneurs and aviation industry entrepreneurs worldwide.
Should keep a watch on this...
Original Forbes news source
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