Lufthansa Technik Philippines (LTP), a joint venture between the Lucio Tan Group’s MacroAsia Corp. and Germany-based Lufthansa Technik, has signed a lease agreement with Clark International Airport (CIA) for the expansion of its aircraft maintenance, repair, and overhaul (MRO) operation in the country.
In a disclosure filed Tuesday, May 19, MacroAsia informed the Philippine Stock Exchange of its subsidiary’s latest development involving the Clark expansion project.
Earlier this year, Joshua Bingcang, president and chief executive officer of the Bases Conversion and Development Authority (BCDA), said LTP plans to invest USD400 million in Clark to expand its MRO operation in Clark.
Bingcang said LTP submitted its project proposal in January 2026. The expansion project will involve the development of a 15-hectare facility. He said LTP aims to start operations within the next three years.
Once completed, he said, the LTP Clark facility will be capable of servicing up to 20 aircraft, including the Airbus A380, currently the world’s largest passenger aircraft. By comparison, LTP’s existing facility at the Ninoy Aquino International Airport complex in Parañaque can accommodate only four aircraft.
Bingcang also highlighted the substantial foreign direct investment the project is expected to bring into the country. Clark is already home to MRO operations of Metrojet Engineering Clark Ltd. and Singapore Airlines.
Separately, Lufthansa Technik Philippines signed a long-term lease agreement with New NAIA Infra Corp. on May 12, 2026, according to the company’s disclosure to the Philippine Stock Exchange. The new 25-year lease extends LTP’s stay at the MacroAsia Special Ecozone in Paranaque following the expiration of its previous agreement on Aug. 1, 2025.
Clark International Airport Corp. is a subsidiary and aviation and land development arm of BCDA. It manages the 2,367-hectare Clark Aviation Capital — an aviation-centered business hub integrating aviation, logistics, commerce, and sustainable urban development aimed at supporting national economic growth.
