The Entertainment System Is Down will star Kirsten Dunst and Daniel Bruehl as a couple whose relationship is put to the test on the 20-hour-plus plane ride from London to Sydney.
"When the iPhones and iPads are shutting out, they are doomed to deal with their own boredom," Ostlund said.
"And I'm going to look on this aspect, like taking away entertainment on a societal level, what happens then?"
Examining what happens when the rails come off of polite society has been a particular fixation of Ostlund's films, which include Triangle of Sadness, Force Majeure and The Square.
"I always want to work with people that, you know, push the boundaries of cinema," Dunst said at the launch.
"That's always my dream to be a part of working with those type of filmmakers."
Filming is due to begin soon.
The team has bought a Boeing 747, where 99 per cent of the film will be set, Ostlund said.
"We have an aeroplane - a whole aeroplane - to not only build a section but that you can walk from the cockpit all the way to the back so you can do longer tracking shots and really create a feeling of being in the space," the Swedish director said.