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Lufthansa Technik Philippines has signed a lease agreement for a plot of land at Clark International Airport
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No further details were provided but parent firm MacroAsia previously said that LTP is exploring the construction of a two-bay hangar for maintenance, repair, and overhaul services at Clark with an investment value of about $150 million
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MacroAsia said LTP is looking at expansion opportunities as its site in Manila is fully developed and space-constrained
Lufthansa Technik Philippines (LTP) has signed a lease agreement for a plot of land at Clark International Airport (CRK).
MacroAsia Corp. – the parent firm of the maintenance, repair, and overhaul (MRO) services provider – said in a regulatory disclosure that it was informed of the development on May 18.
No further details were provided, but in 2024, the Department of Trade and Industry said LTP is planning to build a second hangar in CRK valued at around $150 million (P8 billion) to be built over two years.
READ: Lufthansa Technik eyes $150M second hangar in Clark
The proposed hangar, covering two hectares of leased land, can accommodate at least two Airbus A380s and will complement LTP’s 23-hectare technical base and hangar for MRO operations at the Ninoy Aquino International Airport (NAIA).
According to an earlier financial disclosure, MacroAsia said LTP is exploring expansion opportunities in Clark, Pampanga given the growing demand for MRO services while the MacroAsia ecozone in Manila is already fully developed and space-constrained.
This strategic move would allow LTP to accommodate increasing maintenance requirements beyond NAIA.
LTP recently signed a five-year lease contract agreement with New NAIA Corp. for its facility at NAIA. The original lease of the MacroAsia Special Economic Zone in NAIA, wherein LTP is the sole locator, ended in August 2025 and was subject to renewal for another 25 years with an expected increase in lease rates.
MacroAsia said LTP and MacroAsia Properties Development Corp. recognized higher rental expenses in their respective books effective September 2025. Rates in NAIA increased significantly in 2024 following the entry of private concessionaire NNIC.
LTP on May 14 confirmed, however, that it will discontinue providing line maintenance services starting August 1, 2026 as it shifts its focus to base maintenance services and aircraft overhaul operations.
This, as long-time partner Philippine Airlines (PAL) decided to expand its internal maintenance capabilities by taking over all line maintenance activities for its fleet.
PAL will, however, remain a customer for base service maintenance. LTP and PAL have been partners for over 25 years.
Aside from its maintenance base in Manila, LTP has maintenance stations in Cebu, Clark, Davao, Kalibo, Puerto Princesa, and General Santos
Philippine aviation support service provider MacroAsia holds 49% of LTP and the rest is owned by Hamburg-based Lufthansa Technik AG.
READ: MacroAsia starts building new HQ in Parañaque
