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Yes it works as follows.

 

If someone with an active quantum Leap bonus joins a launch. Everyone on that launch has a flight that last 2hrs 24 min. It only lasts for one flight only unless they are able to share further  with a person using QL bonus. 

 

Everything remains the same for the person using the QL bonus -  ie it lasts 24 hrs and anybody joining in any flights during this 24 hour period benefit from the shorter flights.