MacroAsia JV Declares Cash Dividends

Makati–(PHStocks)–Lufthansa Technik Philippines (LTP), a joint venture of MacroAsia Corporation (PSE: MAC) with Lufthansa Technik AG, in its regular board meeting last 10 February 2012, has declared $7 million cash dividend payable on June 15, 2012 to MacroAsia (49%) and Lufthansa Technik AG (51%). MacroAsia’s share in this dividend declaration is $3.43 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.