en.Wedoany.com Reported - Lufthansa Technik Philippines (LTP) has signed a lease agreement for a plot of land at Clark International Airport (CRK), marking a concrete step toward expanding its production capacity in the Philippines.
LTP's parent company, MacroAsia Corp., confirmed the information in a regulatory disclosure but did not release specific terms. However, the Philippine Department of Trade and Industry disclosed in 2024 that LTP plans to build a second hangar at Clark Airport, with an investment of approximately US$150 million (8 billion pesos) and a construction period of two years. MacroAsia stated that LTP is seeking expansion opportunities to meet the growing demand for maintenance, repair, and overhaul (MRO) services, as its existing site in Manila is fully developed and space-constrained.
The proposed new hangar will cover approximately 2 hectares and is designed to accommodate at least two Airbus A380s. The project will complement LTP's 23-hectare technical base and existing MRO operational capabilities at Ninoy Aquino International Airport (NAIA). MacroAsia noted that this strategic layout will help LTP meet the growing maintenance demand beyond NAIA.
While expanding external capacity, LTP has also adjusted its operations at its core base in Manila. LTP recently signed a five-year lease contract with New NAIA Infrastructure Corp. (NNIC) for its NAIA facilities. As the only MRO enterprise located within the MacroAsia Economic Zone, LTP's original long-term lease expired in August 2025 and has been renewed for 25 years, though lease rates are expected to increase. LTP and MacroAsia Property Development Corp. have begun recognizing higher lease expenses in their respective accounts starting September 2025, due to a significant rate hike at NAIA in 2024 following NNIC's takeover of management.
To adapt to market changes, LTP officially ceased providing line maintenance services effective August 1, 2026, shifting its business focus to base maintenance and aircraft overhaul. This change was prompted by the decision of its long-term partner, Philippine Airlines (PAL), to expand its in-house maintenance capabilities and take over all line maintenance work for its fleet. However, PAL will remain a base maintenance customer of LTP, with a cooperative history spanning over 25 years.
Currently, in addition to its main base in Manila, LTP has maintenance stations in Cebu, Clark, Davao, Kalibo, Puerto Princesa, and General Santos. MacroAsia holds a 49% stake in LTP, with the remaining shares held by Hamburg-based Lufthansa Technik AG.
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