MacroAsia Corporation (MAC) said its subsidiary, Lufthansa Technik Philippines (LTP), signed a long-term lease agreement with New NAIA Infra Corp. (NNIC) on May 12, 2026, based on the company’s disclosure to the Philippine Stock Exchange.
The new 25-year lease extends LTP’s stay at the MacroAsia Special Ecozone following the expiration of its previous agreement on August 1, 2025. The deal is subject to rental rate adjustments under the Manila International Airport Authority’s Revised Administrative Order No. 1, Series of 2024.
The extension allows LTP to continue its aircraft maintenance, repair, and overhaul (MRO) operations at the Ninoy Aquino International Airport.
LTP, a joint venture between MacroAsia and Germany’s Lufthansa Technik AG, is a key aviation hub employing more than 3,000 skilled Filipino workers. The facility provides engineering and MRO services for major aircraft such as the Airbus A380 and Boeing B777.
Meanwhile, LTP confirmed reports that it will stop providing line maintenance services starting August 1, 2026, as it shifts focus to base maintenance and aircraft overhaul operations.
Under the new setup, Philippine Airlines will handle its own line maintenance, while PAL Express will take over daily and short turnaround checks. PAL’s specialized base maintenance and engine overhaul services will remain with LTP.
MacroAsia owns 49 percent of LTP, while Lufthansa Technik AG holds the remaining 51 percent stake.
