LG Electronics (LG) and Lufthansa Technik AG will jointly develop,
produce and market LG's innovative OLED displays for commercial
airplane cabins, the companies announced today. The new venture will
be based in Hamburg, Germany and will commence operation in the first
half of 2019.
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 aircrafts," said Kwon Soon-hwang, president of LG's
"Both partners contribute a globally recognized reputation in their
respective business areas to create a new flying experience for the
passengers," added Dr. Johannes Bussmann, chairman of Lufthansa
Technik's executive board.
Closing of the agreement, which was inked earlier this week in
Hamburg, is subject to regulatory approval.