Lufthansa Technik and South Korean electronics manufacturer LG Electronics have committed to forming a joint venture to market new technology LED screens for aircraft cabin entertainment systems.
The joint venture will commence operations in the first half of 2019 and will be based in Hamburg.
It will focus on applying LG’s lightweight and flexible organic light emitting diode (OLED) screen technology with Lufthansa Technik’s capabilities in the aircraft industry.
“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,” says Kwon Soon-hwang, president of LG’s business-to-business operations.
LG adds that closing of the joint venture is subject to regulatory approvals.
Source: Cirium Dashboard