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Russian Military Aviation Market Falls 7%, says Janes

The latest forecasts from the trusted global agency for open-source defence intelligence estimate a programme decline of USD5 billion in Russian military aviation

LONDON โ€“ The latest forecast from Janes for the Russian military aircraft market expects it to reach the cumulative value of almost USD80 billion between 2020 โ€“2029. Janes now forecasts Russian total programme value of USD79.5 billion, a 6.9 per cent reduction when compared with the earlier forecast of USD85.3 billion.

โ€œThe decline in programme value is mostly attributed to delays in several long-term programmes, and constraints in the ongoing production and deliveries of aircraft,โ€ said Alessandra Giovanzanti, senior aviation analyst at Janes. โ€œNonetheless, construction of the first PAK-DA has been recently reported as under way, with a final aircraft to be completed in 2021. The recapitalisation of strategic airborne capabilities is essential to ensuring a modern and capable air force.โ€

Janes notes that despite the likely exacerbation of the downward trend of oil and gas prices, budgetary constraints and a comparatively weak rouble, Russia is still moving on with the acquisition of combat aircraft.

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