MacroAsia Corporation (MAC), formerly known as Infanta Mineral and Industrial Corporation, is a publicly-listed company incorporated on February 16, 1970 to primarily engage then in the business of geological exploration and development. On January 26, 1994, the Securities and Exchange Commission (SEC) approved the change in the company's original purpose to that of a holding company, and its corporate name to Cobertson Holdings Corporation (Cobertson). In November 1995, the SEC further approved the change in the company's name from Cobertson to its present name - MacroAsia Corporation. MAC began commercial operations as a holding company under its amended charter in 1996. MAC at present is engaged primarily in aviation-related support businesses. It provides aircraft maintenance, repairs and overhaul (MRO) services, charter flight services, airport ground handling services and in-flight catering services and operates a special economic zone at the Ninoy Aquino International Airport (NAIA). All subsidiaries and associated companies of MAC render services directly to the airline customers/locators at NAIA, Manila Domestic Airport, Mactan-Cebu International Airport (MCIA) and Davao International Airport. MAC has five (5) wholly-owned subsidiaries and three (3) affiliates. These consist of MacroAsia Air Taxi Services, Inc, MacroAsia Properties Development Corporation, MacroAsia Catering Services, Inc., MacroAsia Airport Services Corporation, MacroAsia Mining Corporation, Lufthansa Technik Philippines, Inc., Cebu Pacific Catering Services, Inc., and Toll-MacroAsia Philippines, Inc. Source: SEC Form 17-A (2008)