A/C accumulated time?

Date:         23 Jul 99 04:18:19 
From:         gb <goran@tidax.se>
Organization: Telenordia
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Hi!

I was reading about certain aircrafts accumulating wery high number of
in-air time.  What's the usual procedure/numbers and when are aircrafts
to be scrapped?

Typical example was 73' L-1011 Tristar with 51,951 hours and 25,691
cycles. That's 6 years of non-stop flying!

(That particular aircraft was one of the first built and suffered
explosive decompression in '95, and was scrapped)