Brazil's Embraer cuts delivery forecast for 2009

SAO PAULO, Nov 8 (Reuters) - Brazilian aircraft manufacturer Embraer has reduced its delivery forecast for 2009 to 270 jets from a previous estimate of 315 to 350 planes.

Embraer also said in a statement late on Friday that it expects to invest a total of $450 million next year. In the first nine months of 2008, Embraer spent a total of $407 million in investments.

Earlier this week, Embraer said it has not received any order cancellations because of the global financial crisis, which has restricted the availability of credit and is slowing economic growth around the world.

But the company warned that the scarcity of credit would likely force some clients to request delays on delivery.

Embraer delivered 48 jets in the third quarter, compared with 47 in the year-earlier period and 52 in the second quarter of this year.

Embraer, short for Empresa Brasileira de Aeronautica, is the world's leading producer of regional jets seating up to 120 passengers. It also makes luxury business jets and military aircraft.

(Reporting by Todd Benson; Editing by Vicki Allen)