[THE INVESTOR] LG Electronics said on Oct. 25 it will establish a joint venture with Germany’s Lufthansa Technik, which will be devoted to developing in-cabin electronics systems.
The new venture, whose name has not yet been decided, will focus on developing in-cabin solutions utilizing LG’s technologies, including its OLED displays.
Lufthansa Technik is a subsidiary of Deutsche Lufthansa, Germany’s largest air carrier.
The new company will kick off in the first half of 2019, and will be based in Hamburg, Germany. LG did not reveal detailed conditions of the agreement, including the size of the deal.
LG said the new venture will bring its latest OLED technologies together with Lufthansa’s airline business capabilities, and create a new market for in-cabin solutions, including signage systems.
By Song Seung-hyun and newswires (email@example.com)