Airports Council International Europe (ACI Europe) has urged the Armenian government to approve Zvartnots airport expansion plan. The trade association that represents Europe’s airports stated that it would be willing to invest €400 million in the project. Zvartnots airport, located 10 kilometers west of Yerevan is nearly at capacity. Consequently, the investment would ensure it meets its potential.
Armenia International Airport CJSC operates the airport, which is owned by Corporacion America, a company founded by Argentine entrepreneur Eduardo Eurnekian. Armenia is set to join the European Union’s European Common Aviation Area. This will give it access to the world’s largest liberalized multi-country aviation market.
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Zvartnots airport’s expansion
With this in mind, ACI Europe stated that it is critical that the capital’s airport expands to meet its potential. It has already exceeded pre-pandemic traffic levels. “Now is the time to move ahead for Armenian aviation,” said Olivier Jankovec, director general of ACI Europe. The potential to further develop and diversify the country’s air connectivity exists, as does the potential to grow the economy and improve Armenians’ living standards.”
Jankovec, on the other hand, insisted that for Armenia to realize this potential, “more infrastructure capacity is required, which means expanding Yerevan-Zvartnots airport.” A total of €400 million is available for investment. This will help double the airport’s capacity for both passenger and cargo traffic. Thus, delaying this project any longer will only slow the country and its economy.”