Sunday 20 May 2018
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3 months ago

MacroAsia nets $14.7M from Lufthansa Technik operations

Aviation service firm MacroAsia Corp. earned last year $14.7 million from the operations of aircraft maintenance provider Lufthansa Technik Philippines (LTP), doubling its share recognized in 2016. LTP, a joint venture between MacroAsia and Germany s Lufthansa Technik AG, declared $30 million in cash dividends last Feb. 9, twice as large as the cash dividends declared the previous year. Based on a disclosure to the Philippine Stock Exchange, MacroAsia s share in this dividend declaration is $14.7 million

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