Reconomy, a leading international circular economy specialist, has announced the launch and initial investment of £ 1 million into CircuLab, a new sustainability research innovation hub in Bucharest, Romania, to advance its work in the circular economy for the benefit of its customers. CircuLab will serve as an innovation hub for the company’ s best thinking in sustainability, environmental science, resource management and chemistry. It will focus on the development of new use cases, propositions and ways of working.

Jetstar Asia, Qantas Group’ s Singapore-based low-cost subsidiary, has faced growing challenges in recent years and the decision has been made, together with majority shareholder, Westbrook Investments, to close the airline. Despite delivering exceptional customer service and operational reliability, Jetstar Asia has been impacted by rising supplier costs, high airport fees and intensified competition in the region. This has fundamentally challenged the low-cost airline’ s ability to deliver returns comparable to the stronger performing core markets in the group. Jetstar Asia will continue to operate flights on a progressively reduced schedule, before its final day of operation on July 31.

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