Macro Asia Corporation - Makati City, Philippines

MacroAsia Corporation was incorporated in the Philippines on February 16, 1970, originally under the name Infanta Mineral & Industrial Corporation to engage in the business of geological exploration and development. As a mining firm, it had actually mined its leased areas in Brooke’s Point, Palawan during the 1970’s.On January 26, 1994, the Articles of Incorporation was amended to change its primary purpose from geological exploration and development to that of engaging in the business of a holding company, and to change its corporate name to Cobertson Holdings Corporation. On November 6, 1995, the Company’s Articles of Incorporation was again amended to change its corporate name to its present name.In June 1996, the Company incorporated two of its own 100% wholly-owned  

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subsidiaries. MacroAsia Air Taxi Services, Inc. (MAATS) and MacroAsia Properties Development Corporation (MAPDC). MAATS provides helicopter charter services, while MAPDC operates the special economic zone at the Ninoy Aquino International Airport (NAIAA). In October 1996, the Company started is first in-flight catering business through Cebu Pacific Catering Services, Inc. (CPCS), the only in-flight caterer in Mactan-Cebu International Airport . By November of 1996, it has incorporated its second in-flight catering venture, MacroAsia Catering Services, Inc. (MACS), which is the dominant caterer of foreign airlines in NAIA since it opened in 1998.