MacroAsia Corporation

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 aviation support services[3].

MacroAsia Corporation
Public
Traded asPSE: MAC
IndustryMRO, Ground handling, Airline catering services
PredecessorInfanta Mineral and Development Corporation
Founded1970 (1970)
FoundersBenjamin M. Bitanga
HeadquartersPNB Allied Bank Center, Ayala Ave., Makati, Philippines
Area served
Philippines
Key people
Lucio C. Tan Sr. (Chairman and CEO)[1]
Joseph T. Chua (President and COO)[2]
Amador T. Sendin (CFO and CRO)
ParentLT Group, Inc.
Websitemacroasiacorp.com

History

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

In 1995, the company renamed as MacroAsia Corporation focusing 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 or MACS has been established.

In 1999, the MacroAsia Airport Services Corporation or MASCORP has been established.

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

In 2016, MacroAsia ventures to water distribution and treatment in Boracay, Nueva Viscaya, and Cavite.

In March 2019, the MacroAsia services the Philippine Airlines and PAL Express 100% making one of the largest aviation support services in the country.[4]

Attached Companies
Lufthansa Technik Philippines' hangar inside NAIA, as seen from SLEX
  • Lufthansa Technik Philippines (LTP) - 51% ownership of Lufthansa Technik, 49% ownership of MacroAsia Corporation. It is a globally competitive company offering aircraft and engine maintenance, repair, and overhaul, with airline clients from almost all parts of the world including Philippine Airlines and PAL Express
  • MacroAsia Catering Services, Inc. (MACS)- 67% ownership of MacroAsia Corporation, 33% ownership of SATS Ltd.. It is a majority-owned subsidiary that operates its own kitchen in NAIA. It offers catering to the majority of international airline clients that fly to Manila.
    • MacroAsia SATS Inflight Catering Services Corporation (MSIS) - It offers catering services of Philippine Airlines and PAL Express.
    • MacroAsia SATS Food Industries Corporation (MSFI) - It offers catering for institutional clients outside airport such as bank, BPO, and casinos.
  • MacroAsia Airport Services Corporation - 80% ownership of MacroAsia Corporation, 20% ownership of Konoike Transport Co.. It provides gateway services that includes various ground handling activities such as passenger check-in services, ramp handling, baggage and cargo handling among others.
  • Cebu Pacific Catering Services - 40% ownership of MacroAsia Corporation, 40% ownership of Cathay Pacific, 20% MGO Pacific Resources. The only catering services in Mactan-Cebu International Airport (MCIA).
  • MacroAsia Properties Development Corporation (MAPDC) - a developer/operator of the sole Special Economic Zone at the NAIA and Mactan-Cebu International Airport (MCIA)
    • Boracay Tubi System Inc. - a water concessioner in Boracay.
    • Naic Water Supply Corporation - a water concessioner in Naic, Cavite
    • SNV Resources Development Corporation - a water concessioner in Solano, Nueva Viscaya.
  • MacroAsia Air Taxi Services, Inc. (MAATS) - a fixed based operations (FBO) service provider of auxiliary service support of executives jets and permitting requirements of fixed-wing aircraft operators with no commercial presence in the Philippines
  • First Aviation Academy Inc. (FAA) - 51% ownership of MacroAsia Corporation, 49% ownership of PTC. a pilot training school and skills assessment center for aviation professionals.
  • MacroAsia Mining Corporation (MMC) - mining exploration services that specializes in nickel ore.
gollark: Oh no, randomosmarksVPS™ just ran out of disk space.
gollark: sudo would wipe itself for security, I imagine.
gollark: That would be being wrong, so it wouldn't happen.
gollark: Oh, I never use that because I just do things correctly instead.
gollark: I have a script which makes it briefly not immutable and edits it in case of emergencies.

References
  1. https://www.macroasiacorp.com/team.php
  2. https://www.macroasiacorp.com/team-executive.php
  3. https://www.macroasiacorp.com/about.php
  4. https://www.philstar.com/business/2019/03/25/1904170/macroasia-takes-over-pal-contracts-manny-osmea
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.