Embraer predicts a decline in orders for 09

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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.