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 on October 25. 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.
Closing of the agreement, which was inked earlier this week in Hamburg, is subject to regulatory approval.
