Lufthansa Group turns to Asia for corporate digitisation plans

4 July, 2018

Deutsche Lufthansa AG announced (03-Jul-2018) the opening of Singapore and Shenzhen locations for the Lufthansa Innovation Hub (LIH). LIH is the group's corporate digitisation unit, founded in 2014. "Not only are the Asian markets showing particularly dynamic growth in our core businesses, but they are now often also leading the way in digital travel and mobility solutions", said Deutsche Lufthansa AG chairman and CEO Carsten Spohr. He added: "With the new locations of the Lufthansa Innovation Hub, we want to learn from the developments in Asia, build specific partnerships in the digital context, and benefit from our experience". in 2017, 55% or USD14 billion of global venture capital invested in travel and mobility technology went to China. [more - original PR]