Age is really irrelevant on aircraft - history and maintenance are what counts. Qantas aircraft can be expected to last longer than most because of the very long average flight legs. There are probably many 747s in use a lot older than this one. For example, there are still a few 747SPs in service I believe - and it is about thirty years since the last one was built.
Consider DC3s, as suggested - last one was built in 1945, still probably dozens flying (but there are special considerations - they were built far stronger than necessary, and the alloy used is virtually immune to fatigue). or consider the B52 bomber - it has now been in service for over fifty years, and is expected to continue in service until at least 2040. Aircraft, because they are legally required to be properly maintained, are virtually never retired simply because of their age. What usually happens is that some key component reaches its service life limit, and it is cheaper to replace the whole aircraft rather than that item (for example, a wing spar). Or a replacement aircraft becomes available that makes more economic sense, although what happens then, is the selling price of the old plane reflects this, and it becomes economic for someone else to run it because of the low capital cost. And this continues until it becomes worth more as scrap, or it becomes impossible to get parts.
Having recently driven a 21 year old car across Australia and back without any vehicle problems, I have difficulty in seeing seventeen years as particularly old. And the thing about aircraft, is that when it comes out of a 'D' inspection, it is intended to be as it came from the factory, at least as far as safety and reliability go.
John
John
JDNSW
1986 110 County 3.9 diesel
1970 2a 109 2.25 petrol
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