MacroAsia Corporation

Last updated
MacroAsia Corporation
Company type Public
PSE:  MAC
Industry MRO, ground handling, airline catering services, Water Delivery, Sewerage
PredecessorInfanta Mineral and Development Corporation
Founded1970;54 years ago (1970)
Founders Benjamin M. Bitanga
HeadquartersPNB Allied Bank Center, Ayala Ave., Makati, Philippines
Area served
 Philippines
Key people
 Lucio C. Tan Sr. (Chairman and CEO) [1]
Eduardo Luis T. Luy (President and COO) [2] [3]
Amador T. Sendin (CFO and CRO)
Kyle Ellis C. Tan (Treasurer) [4]
Parent LT Group, Inc.
Website macroasiacorp.com

MacroAsia Corporation is a leading provider of aviation-related support services in the Philippines. Its major business segments derive income from aircraft maintenance, repair and overhaul (MRO), food services (airline and institutional catering), gateway services (ground handling), property development and leases (ecozone operations) and water concessions/utility. As of March 2019, it is the country's largest provider of aviation support services. [5]

Contents

History

The company began in 1970 as Infanta Mineral and Development Corporation, shipping out nickel ore.

In 1995, the company was renamed as MacroAsia Corporation, moving from mining to aviation support services. In the same year Benjamin M. Bitanga sold the company to Lucio Tan.

In 1996, the MacroAsia Catering Services Corporation (MACS) was established.

In 1999, the MacroAsia Airport Services Corporation (MASCORP) was established.

In 2000, with the joint venture of Lufthansa Technik, the Lufthansa Technik Philippines was established with 49% ownership.

In 2016, MacroAsia ventured to water distribution and treatment in Boracay, Nueva Vizcaya, and Cavite.

In March 2019, the MacroAsia serviced the Philippine Airlines and PAL Express 100%, making it one of the largest aviation support services in the country. [6]

Attached companies

Lufthansa Technik Philippines' hangar inside NAIA, as seen from SLEX Lufthansa Technik Philippines' hangar.jpg
Lufthansa Technik Philippines' hangar inside NAIA, as seen from SLEX
Aircraft of Philippine Airlines parked next to the maintenance hangars of Lufthansa Technik Philippines, NAIA Philippine Airlines maintenance MNL 2023-08-05.jpg
Aircraft of Philippine Airlines parked next to the maintenance hangars of Lufthansa Technik Philippines, NAIA

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References

  1. ↑ "MacroAsia Corporation".
  2. ↑ "MacroAsia Corporation".
  3. ↑ Gonzales, Iris. "Tan grandson to succeed Chua in MacroAsia – sources". The Philippine Star .
  4. ↑ "Intellasia East Asia News - Joseph Chua retires from MacroAsia, Tan grandsons take helm".
  5. ↑ "MacroAsia Corporation". www.macroasiacorp.com.
  6. ↑ Gonzales, Iris. "MacroAsia takes over PAL contracts of Manny Osmeña". The Philippine Star.
  7. ↑ Hilotin, Jay (March 21, 2024). "Philippines: Php8.4 billion new hangar at Clark International Airport set". Gulf News . Retrieved March 23, 2024.
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