The Sydney Airport will be able to meet its debt obligations due in 2011 and 2012 as its issued bonds recently fetched US$ $965 million.

In a disclosure to the Australian Stock Exchange, its parent firm Map (MAP: AU), received commitments from new and existing lenders that allows it to meet maturing obligations in the next two years.

The common terms agreed upon with current and new lenders include three to seven years of debt maturity and some 200 to 250 basis points bond swap rate, the report indicated.

In December 2009, company data showed that it was able to accommodate 33 million passengers or about 99,000 passengers a day. As the largest airport in Australia, the Sydney Aiport has a very competitive edge against its industry rivals including the Melbourne Aiport and Auckland International Airport.

According to a briefing paper of Aegis Equities Research Pty Limited, MAp is one of the largest private airport owners and operators globally and partly owned Brussels Airport and Copenhagen Airports. In the first half it reported earning amounting to $19.7 million.

In terms of aviation infrastructure standards, Map's Sydney Airport has a triple stapled security consisting of a unit in MAp Airports Trust 1 (MAT 1); a unit in MAp Airports Trust 2 (MAT 2); and a share in MAp Airports International Limited (MAIL).

Within that same period, the international terminal was able to accommodate 37 international flights that reached 48 destinations. The domestic and regular airlines cater to Jetstar, Virgin Blue, Regional Express, Tiger Airways, Aeropelican, and QantasLink. The Terminal 3 accommodates Qantas Airlines flights.