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MacroAsia leases MCIA land amid aviation expansion

Manila Bulletin

February 11, 2026

MacroAsia Corp. (MAC), the aviation services and mining unit of Lucio Tan Group (LTG), is leasing a 2.6-hectare (ha) portion of Mactan-Cebu International Airport (MCIA) to expand its operations at the southern gateway.

- By JAMES A. LOYOLA

In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Feb. 10, the firm said its wholly owned subsidiary, MacroAsia Properties Development Corp. (MAPDC), has signed a contract of lease with the Mactan-Cebu International Airport Authority (MCIAA) covering a parcel of land located at MCIA’s cargo area.

The leased property will be used for aviation-related services. The term of the lease is 15 years, renewable for another 10 years upon agreement by the parties, subject to terms and conditions approved by MCIAA’s board.

Just last month, MAC said its majority-owned subsidiary, MacroAsia Airport Services Corp. (MASCORP), is investing ₱400 million to build a new six-story headquarters dedicated to its aviation services operations.

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