On Tuesday, Boeing and Aviation Capital Services, a subsidiary of the State Corporation Russian Technologies (Rostech), announced a commitment by Rostech to purchase 35 737 Max narrow bodies. The transaction, valued at $3.5 billion at current list price, represents the first commitment for the 737 Max from Russia and the Commonwealth of Independent States.
The intake of titanium by the global aviation industry is predicted to rise dramatically over this decade with the production of next-generation commercial jets made of advanced construction materials gearing up. Today, this industry consumes 40 percent of the world’s titanium supply. According to an independent analysis, demand for titanium in commercial aviation will increase from 42,000 metric tons in 2011 to more than 49,000 tons this year and then rise to 72,000 tons in 2016.