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PAL Assumes Lufthansa Technik Maintenance; Lease Rate Jumps

5/16/2026

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Summary

Story summary

Lufthansa Technik Philippines will cease maintenance on August 1, 2026, with Philippine Airlines set to assume that work for its fleet.
The company signed a new lease with New NAIA Infra Corp after its 25-year lease expired in August 2025.
The lease rate rose from roughly P64.84 to about P710 per square meter.
MacroAsia Corp. reported net income of about P1.61 billion in 2025, with P1.34 billion contributed by Lufthansa Technik Philippines.

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Story summary

Lufthansa Technik Philippines will cease maintenance on August 1, 2026, with Philippine Airlines set to assume that work for its fleet.
The company signed a new lease with New NAIA Infra Corp after its 25-year lease expired in August 2025.
The lease rate rose from roughly P64.84 to about P710 per square meter.
MacroAsia Corp. reported net income of about P1.61 billion in 2025, with P1.34 billion contributed by Lufthansa Technik Philippines.