Despite Recession, Russian Air Transport Is Growing
By Maxim Pyadushkin
Source: Aviation Week & Space Technology
Airbus and Boeing have argued that air transport growth is linked to the development of global GDP. But that is not always the case: U.S. air travel has been more or less stagnant in spite of economic growth, but Russian air transport is growing fast in the midst of a recession.
More than 100 million Russian passengers are expected to fly in 2013, according to a Transport Clearing House (TCH) forecast, and the industry will show double-digit growth compared to 2012 (see chart). Traffic has increased threefold in the last 10 years—34.6 million passengers in total were transported in 2003.