Industrials

Go First, the now-bankrupt airline, will not challenge the Delhi High Court order to deregister all 54 of its aircraft, leading to its liquidation. The airline's assets have significantly depreciated due to prolonged litigation, leaving lenders with the only option of liquidation, as the value of assets now comes into question.

India's Adani Ports, seeking expansion, met with Philippines President Marcos to discuss potential investments in port development, particularly focusing on agricultural products to boost the country's global competitiveness. The company, with a strong portfolio and recent financial success, is eyeing a deep-sea port in Bataan.

Budget airline Bonza has suspended all flights and entered voluntary administration, leaving around 302 employees without pay and their jobs uncertain. The airline's sudden collapse was triggered by event of default notices issued by leasing company AIP Capital, and administrators are exploring all options to find a solution, including discussions with government and other key bodies regarding assistance for employees.

Qantas confirmed that a technology issue caused a glitch in their app, allowing customers to view the personal details of other travelers. The airline assured members of its frequent flyer program that there was no evidence of a cyber incident and that they were taking the security and privacy of customer data seriously.

The small town of Koonibba made history by hosting one of the largest rocket launches from Australian soil, leading the nation's space industry. The collaboration with Southern Launch resulted in the successful launch of the 11.5-metre carbon fibre SR75 rocket, bringing jobs, educational benefits, and international attention to the town.