Gol cancels 34 Boeing 737 Max orders

Gol says it has reached an agreement with Boeing on cash compensation for the more-than-year-long 737 Max grounding, and the termination of 34 forward orders for the company. which operates a Boeing 737-only fleet, said Tuesday that it now has 95 aircraft on order, down from its 129 previously. Gol had to take its 7 737 Max aircraft out of its schedule after the type was grounded worldwide. The aircraft has been grounded buy global regulators since March 2019 and it is not clear when it will be recertificated. Brazil’s shutdown in mid-March of virtually all air traffic as a response to the coronavirus pandemic, set Gol on a course to design what it hopes will be a break-even cash-flow operation that would carry it through the next 90 days and beyond. <br/>