TravelNewsAsia.com
Wed, 31 Oct 2018

Aviation: LG Electronics and Lufthansa Technik Establish Joint Venture

LG Electronics (LG) and Lufthansa Technik AG have announced that they will jointly develop, produce and market LG's OLED displays for commercial airplane cabins.

The new venture will be based in Hamburg, Germany and will commence operation in the first half of 2019.

Aircraft interior. Picture by Steven Howard of TravelNewsAsia.com Click to enlarge.

The new joint venture will combine LG's advanced, lightweight and flexible OLED display technology with Lufthansa Technik's aviation business capabilities to create new markets for on-board aircraft applications such as welcome board screens and interior linings.

"We are very excited to be joining hands with Lufthansa Technik to expand the reach of LG's innovative consumer electronic technologies to commercial aircraft," said Kwon Soon-hwang, president of LG's Business-to-Business Company.

Closing of the agreement, which was inked earlier this week in Hamburg, is subject to regulatory approval.

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