LG Electronics starts venture to make in-cabin electronics
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LG Electronics said Thursday 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 Electronics’ technologies, including its OLED displays.
Lufthansa Technik is a subsidiary of Deutsche Lufthansa AG, 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.
Questions & Answers
Q.What is the primary focus of the new joint venture between LG Electronics and Lufthansa Technik?
What is the primary focus of the new joint venture between LG Electronics and Lufthansa Technik?
The new venture will concentrate on developing in-cabin electronics systems. This includes creating solutions that utilise LG Electronics' existing technologies, such as their advanced OLED displays, for aircraft interiors.
Q.Where will the new company be based and when is it expected to commence operations?
Where will the new company be based and when is it expected to commence operations?
The newly formed company will be headquartered in Hamburg, Germany. It is scheduled to officially kick off its operations and begin work in the first half of 2019.
Q.Which company is Lufthansa Technik a part of?
Which company is Lufthansa Technik a part of?
Lufthansa Technik is a subsidiary company of Deutsche Lufthansa AG. Deutsche Lufthansa AG is identified as Germany's largest and most prominent air carrier.
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