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Latest High Life Issue

Latest HL 359 published April 4, 2024. Not all sections of Blog are on first page. Click OLDER POSTS to view additional newsletter sections. For PDF version and all archived list CLICK HERE. Look for next issue soon!

Airlines news

Wednesday, April 3, 2024

Mark's Remarks - HL 359

High Life 359  |   PCN Home  |  Post to PCN   | G-Group   |  Calendar   |  PCN Ads  |  Sign Up  |  FAQs

Back in the High Life Again -Theme Song:

 http://www.youtube.com/watch?v=Adw772km7PQ&ob=av2e

Lyrics:

Back in the High Life Again

Steve Winwood

It used to seem to me that my life ran off too fast
And I had to take it slowly
Just to make the good parts last
But when you're born to run, it's so hard to just slow down
So don't be surprised to see me
Back in the bright part of town

 

I'll be back in the high life again
All the doors I closed one time
Will open up again
I'll be back in the high life again
All thee eyes that watched me once
Will smile and take me in

 

And I'll drink and dance with one hand free
Let the world back into me
I know I'll be a sight to see
Back in the high life again

 

Girl, you used to be the best
To make life be life to me
And I hope that you're still out there
And you're like you used to be
We'll have ourselves a time
And we'll dance the mornin' sun
And we'll let the good times come in
And we won't stop 'til we're done

 

We'll be back in the high life again
All the doors I closed one time
Will open up again
We'll be back in the high life again
All thee eyes that watched us once
Will smile and take us in

 

And we'll drink and dance with one hand free
And have the world so easily
Though we'll be a sight to see
Back in the high life again

High life
High life
In the high life again

 

We'll be back in the high life again
All the doors I closed one time
Will open up again
We'll be back in the high life again
All thee eyes that watched us once
Will smile and take us in

 

And we'll drink and dance with one hand free
And have the world so easily
Though we'll be a sight to see
Back in the high life again

High life
(Back in the high life)

Oh, we'll be back...

 

Important: If viewing in Google Drive, PDF hyperlinks are hot after you highlight them. If you have trouble navigating to a hyperlink then visit the blog where all links are hot - http://pcnhighlife.blogspot.com/

 

Dear PCN (of over 2600 subscribers),

 

I am Sorry I had to Delay the March Issue:  Ladies and gentlemen, I am certainly sorry to miss the March issue.  A dear lady who meant a lot to me and was an amazingly faithful teacher of the Bible especially to children, like me, passed away and it forced a road trip and some days away.  The time spent with my old friends and in my old town was great, and her family is strong and doing well.

 

Happy belated Easter!  Spring is always made better by the celebration of Easter and the hope of renewal that it brings.  I hope your week end was great and that you are certainly now pumped for Spring and Summer to arrive. 

 

A little Housekeeping:

“Rejection” doesn’t really mean that. 

Many times, though I have tried to encourage you not to do it, members reply to our notices.  A reply to a notice sent out by our Google Group DOES NOT GO TO THE PCN MONITORED EMAILS.  Instead it is harbored inside our Google Group and we do check there occasionally and once the message is read we delete it but it sends a message to the sender that the message was REJECTED.  I can assure you that no message is ever rejected.  We read them all and take appropriate action if there is some needed.  

 

How do we PREFER you reply to Carol or me?  Well it is through our published gmail accounts that are all over the place including a couple of paragraphs below this note.  Thanks, and now you know no one has been “rejected.” 

 

++++++

 

Easter….. No Holiday (in my mind) Has This Much Importance





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Finance - HL 359 (1)

If you have a big IRA and you are a CHARITABLE person, then consider setting up a QCD to possibly have a tax advantage.  Most brokerage houses make this very easy.

Qualified Charitable Distribution (QCD): How It Works

Support your favorite charitable organizations even in retirement.

What is a QCD?

A qualified charitable distribution (QCD) is an individual retirement account (IRA) withdrawal that goes directly to charity and is excluded from taxable income. People 70½ and over can make qualified charitable distributions. QCDs can help people 73 and over comply with required minimum distribution (RMD) rules.

·       QCDs happen directly between the IRA administrator and the charitable organization. You cannot make the withdrawal yourself and then donate the funds yourself if you want the transaction to be recorded as a QCD.

·       You can donate up to $100,000 per year via QCDs.

·       Because the amount you donate is excluded from your taxable income, qualified charitable distributions are a way to lower your tax bill (they may also help avoid Medicare premium surcharges).

·       Unlike the process for claiming other charitable donations, you do not have to itemize on your tax return to get the tax benefits of a QCD.

·       After age 73, the IRS typically requires people to take minimum distributions from certain retirement accounts. QCDs can be a way for people to give to charity while complying with the RMD rule and without raising their tax bill

[1]

. What are the rules for qualified charitable distributions?

Qualified charitable distributions are direct transfers from an IRA to qualified charities. Instead of taking a regular IRA withdrawal, you tell your IRA custodian to send the money directly to the charity for you.

 

There are six key rules to remember:

1.    Meet the age requirement. You must be 70 ½ years of age or older to make a QCD. 

2.    Donate to a qualified charity. The IRS has a list of approved 501(c)3 organizations and charities. 

3.    Make a direct transfer. You cannot withdraw the money yourself and then donate that money yourself. The money has to go directly from your IRA administrator to the charity. Each financial institution has its own process for doing so. 

4.    Don’t exceed the annual limit. The maximum annual qualified charitable distribution limit is $100,000 per person. For married couples, that means the maximum is $200,000.

5.    Report correctly. You must report the QCD on your federal income tax return. You’ll receive a Form 1099-R from your IRA administrator

[2]

.

6.    Keep your receipts. Like with any deductible charitable contribution, get a receipt from the charity for your donation so you can substantiate your tax benefit if the IRS comes calling. 

» MORE: Why your estate plan may need asset appraisals

On the flip side, here are the common mistakes to avoid:

1.    Donating to nonqualified charities. The IRS defines a qualified charity as a 501(c)3 organization working to accomplish religious, charitable, scientific, literary, or other public purposes

[3]

.

2.    Making an indirect donation. Do not make a personal donation and try to pass it off as a QCD. A QCD must come directly from your IRA administrator. The money should not touch your hands or your personal accounts. 

3.    Missing deadlines. Make sure your QCD is processed before Dec. 31 to count toward your required minimum distribution and for proper reporting on your income taxes. 

4.    Exceeding the annual limit. The QCD limit is $100,000 per person per year, or up to $200,000 for married couples from their individual IRAs. 

Learn more: What is a donor-advised fund?

Is a QCD better than a charitable deduction?

QCDs and charitable deductions both encourage charitable giving, offer tax benefits and benefit qualified charities, but there are still a few key differences.

 

Details

Qualified Charitable Distribution

Charitable Deduction

Age requirement

70 ½ or older.

No age requirement.

Source

IRA account.

Personal income.

Tax benefit

Excluded from taxable income.

Reduces taxable income.

Itemization

Automatic; no itemization required on your tax return (you can still take the standard deduction).

Requires itemized deductions on your tax return (you cannot take the standard deduction).

Contribution limit

$100,000 per person, per year.

Up to 60% of your adjusted gross income.

Required Minimum Distribution

Can count toward RMD.

Does not affect RMD.

 

With anything in estate planning and charitable giving, the tools you use depend on your personal and financial goals. Consult with your IRA administrator or a qualified financial advisor to determine what is best for you.

 

 (As with any of these informative articles, anyone who needs someone to talk to about

this very subject contact me and I can direct you to a knowledgeable advisor).



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Insurance - HL 359 (1)

IMPORTANT SURVIVOR information in many former HL issues but INSURANCE section of High Life 340 and FINANCE section of 336 a good resource to keep.

 

CORRECTION to language I used in HL 350 for the D & S Plan TRUST

 

All Archived High Lifes issues:  https://drive.google.com/drive/folders/0BzB_SBDmSd9AMzViODQ3MDQtODhjYy00YzkwLThiMzktM2FhMDEzMDZhYjA0?resourcekey=0-sovghKhA1zNRWP5SUxjUqA&usp=sharing

 

I previously used the word ‘unfunding’ or ‘defunding’  the Trust but I believe that is in error and can cause unnecessary misunderstanding.  The Company is not defunding the Trust but rather funding it ‘monthly’ as opposed to carrying a long term balance.  There IS a tax advantage for both Company and Beneficiary from the Section 501(c)(9) nature of the Trust so, one would expect to see the Company continue to keep the Trust even though the funding is not executed well in advance. 


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Travel / Non Revving - HL 359 (1)

 Note:  About layover hotels (List Now Updated as of Nov 2021) Lists are no longer accessible on the DeltaNet.  The page is password protected for our PCN group ONLY.  Please use the password of pcnpilot

To access the 2021 listing of layover hotels click here:  http://pcn.homestead.com/Seniority.html



Send in your latest NON-REV Success or Fail Story!!!



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Good Read - HL 359 (1)

This memoir details life from childhood dreams of flying to a pilot career in airline aviation. Easy reading covers a military stint, strong faith, flying war stories, aviation humor, leadership, creating a legacy, and a little personal philosophy thrown in. It educates the reader about training, pilot licensing/qualifications, airline seniority, schedule bidding, check rides, and layovers. So kick the tires, light the fires, and turn on the seatbelt sign:  we are cleared for takeoff.

 

Darrell Abby, Delta AL, Ret 12/01/2004.


Abby, Darrell  "Logbook--From Dreams to Airline Captain".     This memoir details life from childhood dreams of flying to a pilot career in airline aviation. It details a military stint, strong faith, flying war stories, aviation humor, leadership, creating a legacy, and a little personal philosophy thrown in. It educates the reader about training, pilot licensing/qualifications, airline seniority, schedule bidding, check rides, and layovers. So kick the tires, light the fires, and turn on the seatbelt sign: we are cleared for takeoff.   

            Buy here:  https://a.co/d/10r0APl              email:   darrellabby@att.net














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Human Interest - HL 359 (2)

Send some words of encouragement to Capt David Skjerven

There are nearly 3000 on the PCN mail list and I respect and honor you all, but I do not know you and your families as well as I do with some.  David Skjerven went through new hire class with me and I always was impressed with his style and way.  David and I were also based in ORD together and he has been a big contributor to many many PCN postings. He also has a large old ORD base following and he single handedly faithfully organizes the “DC9 Layover” where old guys come together for a beer and cheap pizza and do a little hanger flying.  

David’s wife Caryn, died suddenly a few days ago.  Here is her Flown West post: https://pcnflightwest.blogspot.com/2024/04/caryn-m-skjerven-wife-of-dl-capt-david.html

These are two salt of the earth type people and though you may not know them, they would befriend anybody.  I thank you in advance for treating my colleague and friend with such care.

PLEASE DO ME A FAVOR AND SEND VIA EMAIL OR USPS WORDS OF ENCOURAGEMENT AND SYMPATHY:

 

Capt David Skjerven

615 EDGEBROOK DR

CRYSTAL LAKE IL 60014-5613

 

dwskjerven@aol.com

 

++++++++++++++++++++++++++++++++++++++++++++++++++++

This pair flew 172 hours, 32 minutes straight in the sky over Fort Worth in 1929. Why? 

BY RICHARD SELCER MARCH 30, 2024 5:00 AM



The plane flown by Reg Robbins and James Kelly was refueled in the air during their record-setting endurance flight, using a 

27-foot rubber hose dangled from another plane. COURTESY UTA Libraries, Fort Worth Star-Telegram Collection

A series of developments in the 1920s put Fort Worth on the cutting edge of aviation: creating one of the first airlines (Southern Air Transport), inaugurating the first scheduled passenger service in the Southwest, being a stop on the first “powder puff” air race, and being home to a dirigible refueling base. 

In 1929, that same pioneering spirit drove a couple of Fort Worth flyers, Reg Robinson and James Kelly, to set a world endurance record for time in the air: 172 hours, 32 minutes. Take that, Charles Lindbergh! Their historic flight started at Meacham Field on Sunday, May 19, at
11:33 am, and they circled the city until landing triumphantly at 4:05 pm on May 27 — a total of eight uninterrupted days in the air. 

 


They not only broke the previous record of 150 hours, 40 minutes, set by U.S. Army Air Corps pilots, they also shattered the record of Germany’s Graf Zepplin dirigible. No one had ever spent that much time in the air.

Twenty-six-year-old Reginald L. Robbins and 23-year-old James Kelly were partners of convenience. Robbins was an old-fashioned daredevil whose day job was railroad mechanic. After World War I he bought a surplus airplane and took up barnstorming, which meant flying from one small town to another taking the locals up – pretty girls for free, others for a price. In May 1929 he was married and had a 6-year-old son.



Reg L. Robbins and James Kelly flew a Ryan Monoplane B-1 Brougham named “Fort Worth” during their record-setting endurance 

flight in 1929. Courtesy UTA Libraries, Fort Worth Star-Telegram Collection

Kelly was a recent acquaintance and a new husband, having married just six weeks before. He was known as “Cowboy” because before taking up flying only a year earlier he was a cowhand on an east Texas ranch. He gave up his horse to move to Fort Worth and enroll in flying school. Nine months later he had his pilot’s license.

It was Robbins’ dream to break the existing flight record. Neither man had much money, and the project would require a deep-pocketed investor. The Army’s record had been set by a five-man crew flying a trimotor monoplane with the financial backing of the War Department. Robbins and Kelly finally found a backer in the Texas and Pacific Coal and Oil Company, which agreed to furnish all the oil and gasoline they would need at no cost. It would be good public relations.

James Kelly is shown with an unidentified woman in this photo taken before his endurance flight with Reg L. Robbins in 1929. 

Kelly was killed in a plane crash less than a year later. Courtesy UTA Libraries, Fort Worth Star-Telegram Collection

The plane they flew was a second-hand Ryan monoplane. (At this time most private pilots were still flying biplanes.) It was the same kind of plane flown by Charles Lindbergh in his historic flight across the Atlantic two years earlier. It was powered by a Whitney Whirlwind engine rebuilt by Robbins. They named their plane “Fort Worth” in honor of their hometown.

They customized the plane for the mission by installing additional gas tanks and building a catwalk under the nose to service the engine in-flight. They also installed a special instrument to keep track of their altitude for record-setting purposes. (It would show they hadn’t secretly landed somewhere in the night). Their average speed during their 172½ hours in the air was 65 mph.

Reg Robbins, who set a record for endurance flying with James Kelly in 1929, is shown at the controls of his Howard monoplane 

at Fort Worth Municipal Airport (Meacham Field) in 1937. He retired from flying in 1976 and died in 1985. Fort Worth Star-Telegram 

Collect UTA Libraries, Fort Worth Star-Telegram Collection

The trickiest part was not flying the plane but refueling it and lubricating the engine in mid-air. They accomplished the former with a primitive version of the technique adopted by the U.S. Air Force after World War II to fly vast distances over oceans and hostile territory. In its primitive form it consisted of lowering a 27-foot rubber hose from a fuel plane to a port on the top of the “Fort Worth,” then while the pilots of both planes kept their aircraft steady, the fuel filled their tanks. This process had to be repeated 17 times during the flight.

The other harrowing job required Kelly to make his way along the catwalk to a perch just behind the propeller from where he could grease the engine’s rocker arms.

Reg L. Robbins, left, and James Kelly received international attention for their record-setting flight in Fort Worth in 1929. Courtesy Richard Selcer


As they circled overhead day after day, crowds on the ground watched the “Fort Worth” fly into and out of sight regularly. Their quest attracted international attention; they were followed by newspapers and radio stations across America and Europe. Will Rogers in his syndicated column quipped, “Those boys have forgot how to land.” 

With no radio, Robbins and Kelly had no way of knowing the world was watching. Their communication with the ground was via their wives’ handwritten notes conveyed to them in a mail pouch dangled on a line from the refueling plane. For their part, they periodically flew low enough to drop messages of their own to their wives and supporters. Mrs. Kelly dubbed these communications, “sky calls.” 

The record-setting flight was a grueling experience in many ways. There was no toilet on the plane and only cold snacks for the seven days they were aloft. Toward the end of the flight the wooden propeller cracked, causing the plane to vibrate uncontrollably. By the time they landed, the two men were practically deaf. The last night in the air they also had to fly through a “blinding rain storm” that cut visibility to zero and tossed the plane about like a leaf. They took turns flying while the non-flyer snatched a few hours’ shuteye in a hammock. 

The experience left both men bleary-eyed and exhausted before the en

Reg L. Robbins, right, is hugged by his wife after he and James Kelly, left, completed their record-setting flight 

in 1929. Courtesy Richard Selcer

The waiting crowd at Meacham Field, estimated at more than 25,000, welcomed their hometown heroes back to terra firma with cheers. They had bested the previous world record by 22 hours. Their relieved wives were the first to greet them when they climbed out of their plane. One distinguished member of the crowd was famed British aviatrix, Lady Mary Heath who had heard of their historic flight and came to see it for herself.

The city rolled out the red carpet for them. Star-Telegram publisher Amon Carter, Fort Worth’s “Mr. Aviation,” hosted a gala victory party at the Fort Worth Club. The two celebrities weren’t even allowed to bathe and change clothes before their motorcycle-escorted trip to the club. A downtown businesses group calling themselves “Progressive Fort Worth Merchants” took out a full-page ad in the Star-Telegram congratulating them. The ad crowed that Fort Worth was “air-minded” because of its mild climate, central geographical location, and public spirit. 

Both Fort Worth daily newspapers beat the drum for the record-setting accomplishment, but they were not alone. The Austin American called it “as astonishing as any chapter in American aviation.” The Tuam Herald of Ireland also sent congratulations for the Americans’ “splendid achievement,” acknowledging “the world-wide honor and renown they have brought to their native Texas and to Fort Worth.” 

Nor was Texas Gov. Dan Moody remiss in recognizing the pair. He made them lieutenant colonels in the Texas National Guard attached to his personal staff.

Robbins’ and Kelly’s flight helped cement Fort Worth’s status as an early aviation center. By coincidence, the day before they landed, another Fort Worth pilot, Jimmie Mattern, took off in his rebuilt Cessna for San Antonio to enter the San Antonio-to-St. Louis trophy race. 

His goal was to win the Gardner trophy and the $10,000 prize money that went with it plus “bring additional honor to Fort Worth as an aviation peer.” Borrowing from both Charles Lindbergh and Robbins and Kelly, he named his plane “Planet of Fort Worth.” It was men like these that made Fort Worth the aviation capital of the Southwest, home to Meacham municipal airport, three decommissioned World War I training fields, and several flying schools. 

Robbins and Kelly not only put their names in the record books, they made a financial killing. Before they even took off, several air transport companies collectively promised them $50 apiece for every hour they spent in the air. Post flight, the Fort Worth Chamber of Commerce added to their take with $12,000 raised through subscriptions. They were also contacted by national magazines eager to pay them for their story, and vaudeville promoters offering to put them on the stage. They had become national celebrities.

Alas, their story did not have a happy ending. Jim Kelly was killed in a plane crash less than a year later while flying from Oklahoma City to Fort Worth. His plane was caught in a storm and went down near Alvord, Texas. He joined a long list of aviation pioneers who died prematurely doing what they loved, including Vernon Castle, Wiley Post, and Amelia Earhart. 

Reg Robbins, the daredevil of the two, entered another endurance race in 1931 from Seattle to Tokyo with mid-air refueling. However, he had to drop out at Nome, Alaska. When not racing he ran a flying school in Fort Worth until hired as chief pilot by Brown & Root of Houston. He retired in 1976 and died in 1985. 

Reg Robbins’ and James Kelly’s claim to history was overshadowed by Lindbergh’s historic flight and other events in aviation in these same years, but it deserves to be remembered for the feat it was. And it happened right here in Fort Worth. 

Author-historian Richard Selcer is a Fort Worth native and proud graduate of Paschal High and TCU.

Read more at: https://www.star-telegram.com/news/local/fort-worth/article287178890.html#storylink=cpy



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Misc - HL 359 (2)

Delta adds state-of-the-art Airbus A350-1000 to widebody fleet

Staff Writer

·       Order for 20 A350-1000s, with options for 20 more widebody aircraft

·       Aircraft to provide world-class customer experience on long-haul routes and international hubs

·       Fuel-efficient planes will power sustainability goals

·       Deliveries to begin in 2026

Delta will add 20 new Airbus A350-1000 widebody aircraft as it continues to refresh and streamline its fleet while improving fuel efficiency and providing a world-class in-flight experience.

Delta currently operates 28 A350-900s. Following today’s announcement, Delta has an orderbook for 36 next-gen A350 aircraft, bringing the A350 fleet to over 60 by the end of the decade.

“The A350-1000 will be the largest, most capable aircraft in Delta’s fleet and is an important step forward for our international expansion,” said Ed Bastian, Delta’s Chief Executive Officer. “The aircraft complements our fleet and offers an elevated customer experience, with more premium seats and best-in-class amenities, as well as expanded cargo capabilities.”

The aircraft will be powered by Rolls-Royce Trent XWB-97 engines, a more powerful variant of the engine that operates on the A350-900. The aircraft are over 20% more fuel efficient than retiring planes, supporting Delta’s long-term sustainability goals.

“We are thankful for Delta’s continued confidence in Airbus’ solutions to meet its fleet needs,” said Christian Scherer, Chief Executive Officer of the Commercial Aircraft business, Airbus. “Delta now welcomes the A350-1000, which will open even more opportunities for the airline and its customers. We are proud that our aircraft serve the entirety of Delta’s impressive global network as this stellar airline takes fleet efficiency to the next level.”

Read More: https://news.delta.com/delta-adds-state-art-airbus-a350-1000-widebody-fleet

+++++++++++++++++++++++++++++++++++++++++++++

1 Wall Street Analyst Thinks Delta Air Lines Stock Is Going to $85. Is It a Buy?

Story by Lee Samaha

Delta Air Lines (NYSE: DAL) stock has at least 76% upside potential over the next 12 months or so, according to a Morgan Stanley analyst who raised the company's stock price target from $75 to $85 recently while retaining an "overweight" rating on the stock. It gets better; in Morgan Stanley's "bull case" scenario, the stock could go to $110. Delta stock currently trades around $42.

Is the price target realistic?

It's never a good idea to slavishly follow Wall Street analyst estimates. All it will take is reports of a decline in air travel amid a global economic slowdown, and analysts will rush to slash estimates -- a real possibility in the highly cyclical airline industry.

That said, Delta Air Lines is a highly attractive stock. It's a play on the ongoing recovery in the air travel industry. Its growing focus on the premium customer is also transforming its profit potential.




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