Brazil carrier GOL has cancelled 34 737 MAX orders from Boeing and reached agreement on an unspecified amount of cash compensation from the US airframe maker. In the first quarter of 2019, the unexpected grounding of the 737 MAX by regulatory agencies worldwide, including the FAA, the EASA and the ANAC, resulted in seven (7) of GOL’s operational 737 MAX aircraft being grounded, and the non-delivery of 25 737 MAX aircraft scheduled for 2019. This grounding adversely impacted GOL’s operations, growth and fleet renewal plan. After negotiations both firms reached an agreement that sees GOL receive cash compensation the Company

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