This QANTAS Boeing 747 was taken at the Australian F1 Grand Prix in Melbourne where QANTAS was a major sponsor.

Obviously empty, doing an aerobatics display before the F1 race. Extra 300 owners need not be concerned though.

Actually the aircraft display of F-18, Pilatus PC-9 Roulettes display team & the 747 were more entertaining than the F1 race. Unfortunately now a made for TV event.