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Business

MacroAsia bullish on Sangley airport bid

Richmond Mercurio - The Philippine Star

MANILA, Philippines — Lucio Tan’s MacroAsia Corp. is confident about securing the Sangley Point International Airport Project after it turned out as the only bidder for the project.

MacroAsia said its expertise in the local aviation industry and its Chinese partner’s global experience in international airport development and reclamation make them “the best joint venture partner for the provincial government of Cavite.”

For its Sangley airport bid, MacroAsia has teamed up with state-owned China Communications Construction Group, a holding company engaged in investment, design and construction of transportation infrastructure, with experience in both airport and reclamation projects.

MacroAsia for its part, is a dominant aviation support service provider and the country’s market leader in ground handling services, in-flight catering and maintenance repair and overhaul through its partnership with Lufthansa Technik of Germany.

“MacroAsia is part of the Lucio Tan conglomerate and is an affiliate of Philippine Airlines. As such, MacroAsia brings comprehensive expertise and best practices in developing and operating key operating functions in an airport,” it said.

MacroAsia yesterday requested for a voluntary halt in trading of its shares in relation to the Sangley airport bid.

The company said it has not received any official communication about its bid yet, but expects official communication within the third week of December.

The proposal from MacroAsia and CCCC is now up for assessment, with the Cavite government targeting to award the contract by next month.

Cavite Governor Jonvic Remulla told The STAR that other firms asked for a further extension but was denied because an extension was already granted earlier.

LUCIO TAN MACROASIA
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