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Lufthansa Technik plans P15-B expansion to Clark
Lufthansa Technik Philippines (LTP) is set to invest approximately P15 billion to expand its aircraft maintenance, repair, and overhaul (MRO) capacity in the Philippines.
The company plans to build new hangars, with initial discussions focusing on Clark as a potential location due to its suitability for larger aircraft like the Airbus A380.
LTP's current facility at NAIA is at maximum capacity, necessitating expansion to a new site.
The first phase of the expansion involves an investment of P5 billion for two large hangar bases capable of accommodating A380s.
A subsequent second phase will require an additional P10 billion to support a full range of wide-body aircraft, including Boeing 777s and Airbus A330s.
LTP is a joint venture between Germany's Lufthansa Technik AG and MacroAsia Corp., owned by Lucio Tan.
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