Lufthansa Technik Declares Cash Dividends
Lufthansa Technik Philippines (LTP), a joint venture of MacroAsia Corp. (PSE: MAC) with Lufthansa Technik AG, has declared $35 million cash dividend payable on March 29, 2019 to MacroAsia (49%) and Lufthansa Technik AG (51%). MacroAsia’s share in this dividend declaration is $17.15 million.
Lufthansa Technik Philippines, based principally in Manila, is a dominant provider of aircraft maintenance, repair and overhaul, competing against the world’s best for the servicing of aircraft from all over the world.