Lufthansa Technik Philippines builds a new facility

Since 2002 the Joint Venture company Lufthansa Technik 51% And MacroAsia Corporation 49%, invest USD 30,000,000 in a new building where commercial planes up to the size of the Airbus A380 can undergo maintenance.

The existing Lufthansa Technik Maintenance Facility in Manila

Filipinos are known for their excellent technical skills

In the same time SR Technics announces:

SR Technics has secured its first long-term contract in the Philippines; a 10-year agreement with Cebu Pacific. The USD 52 m accord is to provide exclusive maintenance services for 18 CFM56-5B engines on the airline’s Airbus A320 fleet.
SR Technics will carry out the services at its Engine Shop facility in Zurich. As part of the contract SR Technics will provide world class door-to-door turnaround time and has offered guaranteed savings to Cebu, through a sophisticated material management system.

Cebu Pacific is Asia’s third largest low-cost carrier and the largest airline in the Philippines, in terms of number of passengers carried. It also operates the youngest aircraft fleet in the country.

We do not understand. On the one hand the expensive European airlines have their aircrafts serviced in the Philippines and on the other hand the Pinoy low cost company sends their engines for maintenance to the most expensive country in the world.

Oops again: How can a German company start a new Joint Venture project of USD 30 millions while another German company (Fraport) still is in clinch with the government about the payment of NAIA-3?