Embraer expects aircraft orders to decline next year in the face of the credit crunch.
The revelation, made to a reporter yesterday by Embraer president and CEO Frederico Fleury Curado, comes just over one month after the Brazilian airfrmaer forecast almost a 10% drop in demand for regional jets over the next 20 years.
Curado also says Embraer anticipates that its order backlog will show a slight dip in the fourth quarter of this year.
Additionally, he says talks with customers have "intensified" as some airlines seek delivery deferrals.
Embraer reported a sharp drop in profit for the third quarter despite increased sales as it booked a charge for derivatives losses.
The manufacturer expects to end 2008 with an order backlog worth $21 billion.