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Well, The Loadstar is happy to eat its words and accept that sometimes we are wrong. Yesterday, following the announcement that Qantas is to cut 5,000 jobs and shed 50 aircraft from its fleet, we suggested that the time had probably come for the airline to end its ACMI agreement with Atlas. But the pair have announced that the contract stays.

Atlas Air will continue to operate two 747-400 freighters for Qantas on transpacific routes linking Australia and Asia with the United States. As one of the more surprising pieces of news this year, however, The Loadstar would be prepared to bet that the terms of the deal – the length of which has not been revealed –  weigh nicely in Qantas’ favour.

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