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)
Content Provided by
Reuters Reuters is the largest international news agency -- providing professionals around the world with stories that move the markets.
- 
- 
- 
Welcome,
Guest!
News
