China Eastern Airlines Corp plans to raise $2.2bn through the sale of 1.62 billion shares.
China Eastern will use the proceeds to buy 18 airplanes worth $1.5bn, including narrow and wide-body aircraft such as Boeing 737s, 787 Dreamliners, Airbus A320s and A350s.
iinside has entered a deal with Quanergy Systems to provide LiDAR-based smart motion analytics to airports.
The new Cloud solution will combine Quanergy’s LiDAR accuracy and predictive motion analytics and allow airport managers to monitor, analyse, predict and optimise real-time passenger flows through airports.
Quanergy’s M8 LiDAR sensor will be used to detect both static and moving objects, while iinside’s analytics platform will integrate data from Quanergy sensors to help improve the passenger experience and airport operations.
DFS Aviation Services has signed a memorandum of understanding with the Civil Aviation Authority of Singapore to collaborate on air traffic management (ATM) solutions.
The collaboration aims to develop safety management systems, ATM solutions, and benchmark performance indicators to accommodate future aviation growth, while ensuring the safety and efficiency.
The International Civil Aviation Authority has signed an agreement on behalf of Lebanon’s Directorate General of Civil Aviation (DGCA) with Airways New Zealand for air traffic control (ATC) simulation technology.
Airways New Zealand will deploy its Total Control LCD tower simulator and two radar / non-radar simulators at DGCA facilities at Beirut International Airport to improve the quality of ATC training for DGCA’s ATC instructors.
The Total Control simulator package includes a full 360° tower simulator, a radar simulator, an LCD tower simulator and a desktop simulator.
Ecuador’s Guayaquil Airport operator Terminal Aeroportuaria de Guayaquil (TAGSA), the Municipality of Guayaquil, and Autoridad Aeroportuaria de Guayaquil have extended the concession agreement for the airport.
The partners have extended the term of the agreement for five years from 2024 to 2029.
TAGSA also plans to invest up to $32.2m in the airport to cater to increasing passenger traffic through 2029.