Lufthansa Technik Philippines, Inc. (LTP) is the joint venture between MacroAsia Corporation (MAC) (49%) and Lufthansa Technik AG of Germany (51%). LTP provides aircraft maintenance, repair and overhaul (MRO) services at the Ninoy Aquino International Airport (NAIA) and the Mactan-Cebu International Airport (MCIA). It started its commercial operation in 2000 as a PEZA registered entity.
LTP’s facilities were upgraded to the highest industry standards to accommodate airframe maintenance, major modifications, cabin reconfigurations, engine maintenance and painting for Airbus A320, Boeing B747-400 and B737 aircraft.

LTP is currently providing MRO services from its facility at NAIA to PAL, Lufthansa Airlines, Singapore Airlines, Cathay Pacific Airways and other international airlines, including some foreign airlines which do not even have scheduled flights to the Philippines. It also provides technical ground handling services to Air Niugini, China Airlines, Egypt Air, Eva Air, KLM Royal Dutch, Korean Air, Malaysia Airlines, Silk Air, Singapore Airlines and Cathay Pacific Airways among others.

2007 Operating Highlights

In 2007, LTP opened its new wide-body hangar which has an internal dimension that can fit one Boeing 747-400/800, B777-300, Airbus A340-600 or two single-aisle aircraft at one time. The internal clearance allows tail-in positioning of an aircraft for optimum use of the new hangar. And as part of further expanding its MRO service portfolio, LTP initiated the engine teardown project to be integrated to the Engine and Component Overhaul Division. An engine teardown is the disassembly of used engines into parts that can either be used or sold off as component parts.

In line with LTP’s commitment to world class safety standards, its technicians continuously undergo training to enhance and upgrade their competencies in the field of MRO service. In recognition of this, LTP was again awarded in 2007 with a Diamond Award and Certificate of Excellence by the US Federal Aviation Authority (FAA) for the fifth time, for promoting the development of its employees along with the certificate of standards from other aircraft maintenance regulatory agencies such as the European Aviation Safety Agency and the RP-ATO Air Agency.

In 2007, LTP booked revenues of Php11.3 billion, compared to Php9.7billion in 2006 (16% increase). Its net income increased by 13%, from Php506M in 2006 to Php574M in 2007. MAC’s share in these financial results is 49%, and is taken up as part of the investment in associates account.

MacroAsia Ecozone, Villamor Airbase
Pasay City 1300 Philippines
Tel. Nos. +63 2 855-2222
Fax Nos. +63 2 855-9392
www.ltp.com.ph