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MacroAsia Corporation

Company Description
MacroAsia Corporation (MAC), formerly Infanta Mineral & Industrial Corporation (IMIC), was incorporated on February 16, 1970 to primarily engage in the business of geological exploration and development. On January 26, 1994, the Securities and Exchange Commission (SEC) approved the change in IMIC’s primary purpose to that of a holding company, and its corporate name to Cobertson Holdings Corporation. In November 1995, the SEC approved again the change in corporate name to the present one. MAC began commercial operations as a holding company under its amended charter in 1996.

MAC, through its subsidiaries and associates, is engaged in aviation-support businesses at the Ninoy Aquino International Airport (NAIA), Manila Domestic Airport, Mactan-Cebu International Airport, Kalibo International Airport, Davao International Airport and the General Aviation Areas. The group provides aircraft maintenance, repairs and overhaul services, in-flight catering services, airport ground handling services, charter flight services, and operates a special economic zone at the NAIA. Non-airline sources of income for the group include catering for institutional clients and rendering of exploratory drilling services for third party clients.

The Company’s subsidiaries and affiliates include MacroAsia Catering Services, Inc.; MacroAsia Airport Services Corporation; MacroAsia Properties Development Corporation; MacroAsia Air Taxi Services, Inc.; MacroAsia Mining Corporation; Lufthansa Technik Philippines, Inc.; and Cebu Pacific Catering Services, Inc.

On October 16, 2017, MAC and PTC Holdings Corporation (PTC) signed a joint venture agreement for the establishment of an integrated aviation career and resource development company. On December 5, 2017, MAC and PTC incorporated First Aviation Academy, Inc., which will be a training and skills assessment center for aviation professionals. The training facility is based in Subic Bay International Airport and will start its operations by second half of 2018.

Source: SEC Form 17-A (2018)
Security Information
Sector Services
Subsector Transportation Services
Corporate Life 50
Incorporation Date Feb 16, 1970
Number of Directors 11
Stockholders' Meeting as per By-Laws July - third Friday except holidays
Fiscal Year 12/31 (Month/Day)
External Auditor SyCip, Gorres, Velayo & Company
Transfer Agent Allied Banking Corporation
Contact Information
Business Address 12th Floor, PNB Allied Bank Centre, 6754 Ayala Avenue, Makati City 1226
E-mail Address
Telephone Number (632) 8840-2001
Fax Number (632) 8840-1892