Dhaka, Feb. 7 -- Lufthansa Technik plans to invest at least USD 400 million to expand its aircraft maintenance, repair, and overhaul (MRO) operations at Clark Freeport in the Philippines, according to the Bases Conversion and Development Authority (BCDA).

BCDA president and chief executive Joshua Bingcang said negotiations with Lufthansa Technik are currently underway, with both parties aiming to finalize the agreement by the first quarter of 2026.

"They submitted their proposal in January. They conducted surveys, ground assessments, and spent on pre-development activities. We are now negotiating the final terms," Bingcang said, without specifying an exact timeline for the signing.

The planned expansion includes the construction of new...