Flydubai sways to profit boosted by agreement with Boeing 737 MAX grounding – News of Bahrain- DT News

Flydubai sways to profit boosted by agreement with Boeing 737 MAX grounding – News of Bahrain- DT News

Flydubai, an United Arab Emirates carrier, swayed to a profit of 198.2 million dirhams in 2019, helped by a compensation agreement with Boeing over the worldwide 737 MAX grounding.. The Dubai state-owned airline is one of the world's biggest MAX customers, though only around 14 of the jets were operated when they were grounded in March 2019.. Its fleet size shrank by more than a quarter to 45 jets last year as it retired older aircraft and new MAX jets were also grounded. ". The airline has reached a confidential temporary settlement deal with Boeing over the grounding, and is in further talks over the impact of the grounding, he said.. The revenue dropped to 2.6 percent to 6.2 billion dirhams, while direct operating costs fell down to 17.8 percent.. It carried 9.6 million passengers, which was fewer than the 11 million in the previous year. ". The preparation for this year's outlook statement is challenging given the uncertainty around the timetable for the return to service of the Boeing 737 MAX aircraft and the subsequent aircraft delivery schedule," Ghaith stated.. Flydubai leased some previous model 737 jets in the meantime..