The paperwork for age 65 on the Airbus is being processed now. The term of the contract coincides with a re-evaluation of contract terms by the airline, not necessarily the period that services are required, you can stay here as long as you want.
BB, I believe the contract periods are non-negotiable, what you can negotiate is the length of time that the penalty for leaving early clause will remain in force, I think only six months for PARC, please check.
Cheers,DL