President Benigno Aquino will lead the inauguration of the Lufthansa Technik, Philippines' new maintenance hangar for Airbus aircraft in Villamor Airbase in Pasay City.
The maintenance hangar, located at Macro Asia Special Economic Zone inside the Villamar Airbase, is intended for Airbus 380 aircraft.
Upon his arrival at the venue, the President will simulate operating an Airbus A 380 aircraft. He will then pull the throttle that will signal the opening of the new maintenance hangar.
After his speech, the President will tour the existing hangar servicing the Airbus A 380 aircraft. The inauguration of Lufthansa Technik Philippines is considered a milestone in the Philippine aviation industry, making it one of the world's nine locations capable of maintaining, repairing and overhauling the Airbus A 380, the biggest air craft in the world today.
For more than a decade, Lufthansa Technik Philippines, a German-Philippine joint venture, has placed the Philippines in the global aviation map by having German technology, precision, and innovation in addition to Filipino crafts-manship.
Lufthansa Technik Philippines' million new investment, as one could learn from a Philippine News Agency report, is expected to expand the company's capacity, create more local jobs and contribute to nation building.