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Qantas to Give Final 747 Jumbo Jet a Farewell Fit for a Queen

Qantas has announced a program of events to farewell its last remaining Boeing 747 and provide Australians the opportunity to say goodbye to the much loved “Queen of the Skies” ahead of its retirement from the national carrier’s fleet.

The airline will operate three one-hour “farewell jumbo joy flights” departing from Sydney, Canberra and Brisbane, in response to requests from employees and customers for one final chance to fly on the aircraft.

Qantas 747 Fleet Captain Owen Weaver said the 747 has a special place in the hearts of many Australians.

“The 747 has been a magnificent aircraft and it’s fitting that we celebrate the end of five decades of history-making moments for the national carrier and aviation in Australia,” Captain Weaver said.

“Since the first 747 joined the Qantas fleet in 1971, these aircraft have operated numerous rescue flights to bring Australians home during times of crisis and provided a safe passage for many travellers taking their first international flight to or from Australia.

“These three flights will offer the final opportunity to fly on the Qantas 747 before it leaves, with some of our frequent flyers and aviation enthusiasts as fond of the aircraft as we are, having spent thousands of hours onboard over the years.

“There is an enormous amount of nostalgia and affection associated with our 747 and for those who miss out on a seat on the flight, they will at least be able to catch a glimpse of the aircraft as it takes to Australian skies for the last time.”

The flights will go on sale at midday on Wednesday 8 July on Qantas.com and will operate on Monday 13 July (Sydney), Wednesday 15 July (Brisbane) and Friday 17 July (Canberra). Economy fares cost $400 and a small number of Business Class tickets will be available for $747 with additional extras included.

Seats will be limited to maximise passenger comfort (in line with other previously operated joy flights).

The flights will be operated on a cost-recovery basis and profits will be donated to the HARS Aviation Museum at Albion Park (Wollongong) and the Qantas Founders Museum in Longreach to support their efforts to preserve and promote the 747 legacy for future generations. Both museums have a Qantas 747 on public display.

The final 747-400 in the fleet will depart Sydney at approximately 2pm on 22 July 2020 as flight QF7474.

Prior to its final departure on the 22nd July, Qantas will host a hangar farewell event for employees.

Note: The farewell jumbo jet joy flights will operate with Fly Well protocols in place.

Emirates Plans to Cut About 30,000 Jobs Amid Virus Outbreak

(Reuters) – Emirates Group is planning to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, which will bring down its number of employees by about 30% from more than 105,000 at the end of March.

The company is also considering speeding up the planned retirement of its A380 fleet, the report added, citing people familiar with the matter.

An Emirates spokeswoman said that no public announcement has been made yet by the company regarding “redundancies at the airline”, but that the company is conducting a review of “costs and resourcing against business projections”.

“Any such decision will be communicated in an appropriate fashion. Like any responsible business would do, our executive team has directed all departments to conduct a thorough review of costs and resourcing against business projections,” the spokeswoman said.

Emirates, one of the world’s biggest long-haul airlines, said earlier this month that it will raise debt to help itself through the coronavirus pandemic, and may have to take tougher measures as it faces the most difficult months in its history.

The state-owned airline, which suspended regular passenger flights in March due to the virus outbreak that has shattered global travel demand, had said that a recovery in travel was at least 18 months away.

It reported a 21% rise in profit for its financial year ending March 31, but said the pandemic had hit its fourth-quarter performance.

It said it would tap banks to raise debt in its first quarter to lessen the impact of the virus on cash flows.

(Reporting by Kanishka Singh in Bengaluru and Alexander Cornwell in Dubai; Editing by Catherine Evans and Jan Harvey)

FILE PHOTO: An Emirates Airbus A380 airliner lands at Nice international airport, France

Ford Expects $2.2 Billion Pre-Tax Hit Related to Pension Plans in fourth quarter

FILE PHOTO: The corporate logo of Ford is seen at Brussels Motor Show

(Reuters) – Ford Motor Co <F> said on Wednesday its fourth quarter results will be hit by a pre-tax loss of about $2.2 billion (1.7 billion pounds) due to higher contributions to its employees pension plans.

The charge is largely related to a drop in discount rates, the company said, as that leads to an increase in the amount of money to be contributed for future pension benefits.

The U.S. automaker said it will record a $2 billion loss related to pension plans outside the United States and a $600 million loss associated with other post-retirement employee benefits plans globally.

However, the overall loss was offset by a $400 million gain associated with pension plans in the United States.

On an after-tax basis, the loss is expected to reduce Ford’s net income by about $1.7 billion in the fourth quarter. The loss will not impact the adjusted earnings per share as it is a special item, the company said.

(Reporting by Dominic Roshan K. L. in Bengaluru; Editing by Arun Koyyur)

Daimler to Ax at Least 10,000 Jobs in Latest Car Industry Cuts

FRANKFURT (Reuters) – Daimler said on Friday it will cut at least 10,000 jobs worldwide over the next three years, following others in the industry as they cut costs to invest in electric vehicles while grappling with weakening sales.

It marks the third announcement on cost cuts this week by a major German car company as automakers seek to fund huge investments into cleaner and self-driving technologies while demand in China, their biggest market, is falling and a trade war between Washington and Beijing is curbing economic growth.

“The automotive industry is in the middle of the biggest transformation in its history,” Daimler said in a statement.

Daimler, the owner of Mercedes-Benz, revealed the 3% cut in its workforce after reaching an agreement on its plans with labor unions.

They have agreed on a variety of measures to cut costs and jobs, including expanding part-time retirement and a severance program to be offered in Germany. The company is also cutting 10% of worldwide management positions.

Staff reductions would be in the low five-digits, or at least 10,000 people, according to Wilfried Porth, a board member in charge of human resources. The company employed 304,680 staff at the end of the third quarter.

Plans laid out by Daimler in November showed the company aimed to cut staff costs by around 1.4 billion euros ($1.54 billion) by the end of 2022.

The announcement comes days after Volkswagen’s <VOWG_p.DE> luxury car unit Audi said it would cut up to 9,500 jobs or one in ten staff by 2025, freeing up billions of euros to fund its shift toward electric vehicle production.

Also this week, BMW said that its management and labor had reached an agreement on measures to reduce bonus and other pay schemes for staff to cut costs.

Car suppliers Continental and Osram have also announced staff and cost cuts.

Daimler has repeatedly cut its profit outlook over recent months, partly to cover a regulatory crackdown on diesel emissions but also because of a slowing auto market.

Group operating profit will be “significantly lower” than a year ago, the company said last month.

Other measures to reduce staffing costs include offering shorter working weeks.

Agreements in place to prevent forced redundancies in Germany until 2029 will remain in place, Daimler said.

The workforce needs a clear strategy for the future, said Michael Brecht, chairman of Daimler’s works council. “A reduction in capacity must not be carried out on the backs of the employees,” he said.

(Editing by Elaine Hardcastle)

The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin

American Airlines Schedules Final MD-80 Revenue Flights

On Sept. 4, American Airlines will retire its last 26 McDonnell Douglas MD-80 aircraft. The MD-80, also known as the Super 80, was the workhorse of the airline’s fleet throughout the 1980s and beyond, providing customers and team members with heartfelt memories on adventures ranging from family vacations to key business trips. It’s a bittersweet but well-earned retirement as American celebrates the aircraft’s history while modernizing its fleet.

Below is the schedule of the final revenue flights on the “Mad Dog” before their desert farewell ferry flights to Roswell, New Mexico (ROW). All schedules are subject to change based on operational needs.

FlightDateDepartureTimeArrivalTime
1449Sept. 3GRR1425DFW1606
2372Sept. 3SAT1955DFW2110
2257Sept. 3MSY1943DFW2122
1010Sept. 3DFW2034STL2218
267Sept. 3DFW2226TUL2329
2454Sept. 4ICT0500DFW0615
2180Sept. 4AMA0500DFW0618
2232Sept. 4LBB0500DFW0627
2586Sept. 4PNS0500DFW0656
2200Sept. 4CLE0540DFW0732
2891Sept. 4VPS0545DFW0754
2338Sept. 4MFE0615DFW0755
2540Sept. 4OMA0600DFW0758
2605Sept. 4RDU0600DFW0758
2326Sept. 4DSM0600DFW0800
2185Sept. 4SAT0700DFW0814
2500Sept. 4CVG0629DFW0802
1999Sept. 4STL0730DFW0924
1538Sept. 4VPS0719DFW0934
1038Sept. 4ICT0810DFW0937
2335Sept. 4ABQ0650DFW0938
80Sept. 4DFW0900ORD1135

Visit the official American Airlines webpage beloow for a tribute video to the MD-80!

http://news.aa.com/news/news-details/2019/American-Airlines-Announces-Schedule-of-Final-MD-80-Revenue-Flights/default.aspx