Embraer: Despite credit crunch, no cancellations yet

09/29/2008 | Reuters · Wall Street Journal, The

Embraer, the world's leading manufacturer of regional jets, says it has not yet seen any order cancellations despite the deepening credit crisis. "We see signals that the customers' financing options are getting scarce," CEO Frederico Fleury Curado told reporters in Singapore. "But so far we have had no direct impact." He said the company was sticking by its forecast of 195-200 regional jet deliveries in 2008.

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