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Chief executive Kerrie Mather told a special general meeting of securityholders in Sydney on Wednesday the group had begun to see an improvement in economic conditions since its annual general meeting in May.
"On the traffic front, we've certainly seen some improvement in the last few months," Ms Mather said.
MAp still expects to declare an annual distribution of 21 cents per security in the 2009 calendar year, she said.
Following the sale of MAp's 35.5 per cent interest in Bristol Airport for STG128 million (US$204.1 million) earlier this month, the group has about A$900 million of cash on hand, Ms Mather said.
The special general meeting has been convened for securityholders to vote on the group's proposal to internalise its management.
Legal action was taken by two securityholders to delay the meeting, however that action failed and a result of the securityholders' votes is expected later on Wednesday.
Ms Mather unveiled MAp's proposed new name and logo at the meeting.
The group would no longer be known as Macquarie Airports, rather simply MAp.
The new logo represents the group's management, focus on growth, the safety and security of its assets and the group's resilience, she said.
MAp securities were up one cent at A$2.83 as at 1450 AEST.
(AAP) bl
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