MacroAsia Corporation - a holding company with a diverse business portfolio within the next decade, will achieve leadership position in the market it serves by being passionate and driven with values and goals that are aligned with the objectives of its shareholders. Such passion and drive shall be anchored on a committed team of professionals who shall embody a strong stakeholder-focus, integrity, strategic thinking, empowering leadership, continual development and commitment to national growth and social responsibility.

We shall achieve our mission to increase shareholder value, ensure long-term profitability, develop world-class competencies, provide career opportunities and create synergies as we build mutually beneficial partnerships, alliances or joint ventures with those who share our philosophy and values.

Within the first two decades of the 21st century, to be the globally competitive aviation support, logistics services provider and a natural resources development partner in the Philippines, with a full range of products and services for which we shall be acknowledged by our clients and other stakeholders for excellent customer service, pioneering technology, integrity, value-for-money and social responsibility, all made possible by self-driven, smart and world-class people.

Our way of life in MacroAsia is built on the fundamental ideal of service to all stakeholders, especially our customers. In doing so, we are guided by:

• Integrity - We manage all parts of our business in a manner that builds value into the investment, employing ethical standards, demonstrating honesty and fairness in every action that we take, thus building value and confidence among all our business stakeholders.


• Teamwork - We support and establish unified though diverse teams in our operating units. We seek to work together and establish synergies to meet our common goals.


• Respect - We honor the rights and beliefs of our stakeholders – our employees, our customers, our shareowners, our suppliers and our community.


• Accountability - We accept our individual and team responsibilities and we meet our commitments. We take responsibility for our performance in all of our decisions and actions.


• Responsible Citizenship - We encourage a healthy and safe workplace for our people, commit ourselves to responsible governance as a corporation and as a partner of government, and seek to promote a competitive free enterprise system, excellent environmental compliance and enrichment of the communities where we operate.

The firm is listed under the Philippine Stock Exchange (PSE) and has been conducting commercial operations since 1996 as a holding company under its amended charter. Originally incorporated as Infanta Mineral & Industrial Corporation on February 16, 1970, the company was to engage in the business of geological exploration and development. However, on January 26, 1994, its Articles of Incorporation was amended and the company was renamed into Cobertson Holdings Corporation and was to engage in the business of a holding company. On November 6, 1995, the SEC further approved another change of its corporate name to what is now known as - MacroAsia Corporation.

MAC continues to operate under the following subsidiaries and associated companies:

• Lufthansa Technik Philippines, Inc. (LTP), a joint venture, of which 49% is owned by MAC, with Lufthansa Technik AG. LTP was incorporated in December 1999, to do aircraft maintenance, repair and overhaul (MRO) in NAIA. With its facilities, LTP is a globally competitive company offering aircraft and engine maintenance, repair, and overhaul, with airline clients from almost all parts of the world;
• MacroAsia Catering Services, Inc. (MACS), a majority-owned subsidiary that operates in NAIA. It offers in-flight catering to the majority of international airline clients that fly to Manila, and to Philippine Airlines through its wholly-owned subsidiary, MacroAsia SATS Inflight Services (MSIS). In addition to this, the group also caters to the needs of some institutional clients, such as bank, BPOs and casinos, outside the airport.
  
  The growth in non-airline business led to the creation of a wholly-owned subsidiary, MacroAsia SATS Food Industries Corporation (MSFI) that operates a new commissary outside NAIA;
• Cebu Pacific Catering Services, Inc. (CPCS), the only in-flight catering company that operates at the Mactan-Cebu International Airport (MCIA). MAC has a 40% stake in the company;
• MacroAsia Aiport Services Corporation (MASCORP), a majority owned subsidiary that provides airport and ground handling services in a total of 30 airport locations in the country. The company provides gateway services that includes various ground handling activities such as passenger check-in services, ramp handling, baggage and cargo handling among others. MASCORP also performs maintenance of ground support equipment and apron/ramp cleaning in the airport;
• Japan Airport Service (JASCO), 30% owned affiliate that provides safe flight operation in addition to value-added quality services accompanied by on-time performance to 29 carriers operating out of Narita International Airport in Japan;
• First Aviation Academy (FAA), a joint venture company with an equity sharing of 51% for MAC and 49% for PTC. The JV is a training and skills assessment center for aviation professionals. The training facility is capable for ab initio pilot training, certification and career development courses;
• MacroAsia Properties Development Corporation (MAPDC), a developer/operator of the sole Special Economic Zone at the Ninoy Aquino International Airport (NAIA) and Mactan-Cebu International Airport (MCIA).
  
  Today, MAPDC serves as a vehicle for the group to become one of the natural resources development partner in the Philippines, focusing on water re-use, treatment and distribution. So far, the company has commenced operations in Solano, Nueva Vizcaya (Solano Water, 100% MacroAsia-owned), Boracay Island (Boracay Tubi, 67% MacroAsia-owned) and Naic, Cavite (Naic Water, 100% MacroAsia-owned).
• Allied Water Services, Inc. (AWSI), formerly Airport Specialists’ Services Corporation (ASSC), holding subsidiary of the Group for water businesses. Currently operating through a 60% owned subsidiary, Summa Water Resources, Inc. (SWRI) which supplies water treatment equipment and bulk water to private and government entities in several locations in the Philippines – Balesin, Mactan, Iloilo, Albay, Bulacan, and Cavite.
• MacroAsia Air Taxi Services, Inc. (MAATS), a fixed based operations (FBO) service provider like auxiliary service support of executive jets and permitting requirements of fixed-wing aircraft operators with no commercial presence in the Philippines; and
• MacroAsia Mining Corporation (MMC), a mining exploration services that specializes in nickel ore. MMC also provides outsourced exploration services.

Moving forward, MAC will continue to focus and pursue developing its business in the aviation support industry, while supporting the growth of its water concessions segment outside of Metro Manila.