Embraer E-170. Photo: Courtesy, Embraer. Embraer reported net income of $345.4 million for 2010 under IFRS accounting standards, down 27.9% compared to income of $478.9 million for 2009. The company noted that the earnings decline was mainly owing to the fact that it had a tax credit of $158.1 million in 2009, and a tax liability of $62.7 million in 2010, as pretax earnings actually rose 27%. Income for the fourth quarter ended Dec. 31 totaled $129.6 million, up 25.8% compared to ...

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