MacroAsia Corporation, on behalf of its airline catering and groundhandling subsidiaries, signed on March 2, 2023, a Strategic Cooperation Agreement with Weihai Guangtai Airport Equipment Co. Ltd. In line with the recovery of the airline industry and the trajectory of growth in airports due to the increase in airline travel volumes, the MacroAsia Group is expanding its services capability in the various airports by investing in new ground support equipment (GSE) for catering and groundhandling. As part of the Group's CAPEX plan for 2023, MacroAsia's catering and groundhandling subsidiaries are initially acquiring more than PHP120 million worth of GSE from Guangtai.

Guangtai is also a major supplier of GSE for SATS in Singapore, the JV partner of MacroAsia in airline catering. The Strategic Cooperation Agreement signed with Guangtai covers not only the supply of catering trucks and various GSE, but also the agreement that MacroAsia and Guangtai will further explore possible cooperation in various business areas beyond GSE supply. Guangtai is studying the establishment of an after-sales office in the Philippines, in partnership with MacroAsia.

Both parties will also look at multi-sector expansion areas like airport firefighting, equipment maintenance, power and electronics, special vehicles, medical vehicles, and the like.