Australia's biggest airport operator is continuing to evaluate its potential involvement in a second major airport in Sydney's west.
Sydney Airport has a right of first refusal which gives the company the opportunity to develop and operate a second major airport within 100 kilometres of Sydney's CBD.
The material terms for the development and operation of the proposed Badgerys Creek airport are expected to be finalised by the end of 2016, and Sydney Airport will then have up to nine months to consider the proposal, chief executive Kerrie Mather said.
"We continue to evaluate the opportunity using our rigorous investment criteria and disciplined approach, while understanding the impact on our existing airport and our investors," she said in a speech to be delivered at the company's annual general meeting on Friday.
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