MacroAsia Corporation

MacroAsia Corporation (MAC) is one of the leading providers of aviation-related support services in the Philippines. It is currently listed with the Philippine Stock Exchange (PSE). It began commercial operations as a holding company under its amended charter in 1996. Originally, the company was registered with the Philippine Securities and Exchange Commission (SEC) on February 16, 1970 under the name of Infanta Mineral and Industrial Corporation, to engage in the business of geological exploration and development. On January 26, 1994, SEC approved the amendments to the Articles of Incorporation, changing its corporate name to Cobertson Holdings Corporation and its purpose to that of a holding company. In November 1995, the SEC further approved the change of its corporate name to what is now known as - MacroAsia Corporation. MAC continues to operate mainly through its five subsidiaries, namely: 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. It also caters to the needs of some institutional clients 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 will operate a new commissary outside NAIA; MacroAsia Airport Services Corporation (MASCORP), the only airport services and ground handling company that operates in three NAIA terminals. It also operates in the airports in Mactan, Cebu; Davao City; Kalibo and General Santos City; MacroAsia Properties Development Corporation (MAPDC), a developer/operator of the sole Special Economic Zone at the Ninoy Aquino International Airport (NAIA). 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. It completed a waterworks system in Solano, Nueva Vizcaya which is being operated by its subsidiary, SNV Resources Development Corp., (SNVRDC); MacroAsia Air Taxi Services, Inc. (MAATS), a helicopter charter service provider, and fixed based operations (FBO) service provider for non-scheduled flights in Manila; and MacroAsia Mining Corporation (MMC), a mining exploration services provider that specializes on nickel ore. MAC also operates through its two associated companies: Lufthansa Technik Philippines, Inc. (LTP), a joint venture company with Lufthansa Technik AG of Germany to offer a wide range of aircraft maintenance, repair, and overhaul (MRO) services; and Cebu Pacific Catering Services, Inc (CPCS), the only in-flight catering company that operates at the Mactan-Cebu International Airport (MCIA). Today, the MAC Group is focused in the field of aviation-related support services and in natural resources development, particularly in projects involving the use of water resources.