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As from June 2002, under a 30-year-long concession contract signed between the Armenian Government and Argentine Corporación América, Zvartnots International Airport has been handed over to Armenia International Airports Closed Joint Stock Company.  

From the beginning our main goal and responsibility has been the security and safety of passengers and flights. In accordance with those principles, in 2004 the Armenian government approved our new Master Plan by which a fresh new terminal was to be constructed, complying with anti-seismic technology, with intelligent heat-light control systems, and state of the art devices for passengers’ safety. The new premises were built close to the old building, laid-out in 1982, no longer in use and without appropriate anti-seismic design and regulatory safety lay-out as currently required, Armenia International Airports says in a news release.

In 2007, we launched the first terminal; in 2011 the whole new airport was inaugurated. Strategically located at the crossroads of Europe and Asia, Zvartnots International Airport has become a regional hub with capacity to handle over 3 million passengers per year. Armenia International Airports Closed Joint Stock Company has built a new departures and arrivals terminal (sterile area) of over 19,000 sq m, commercial premises, VIP lounges, and remote boarding positions.
As regards the old terminal, it actually presents a very dangerous structure. Armenia International Airports will not allocate resources for maintaining an obsolete building and will also not bear any responsibility in case of any accident.

We are willing and ready to continue with the modernization of Zvartnots International Airport but will not spend resources and time on maintaining a hazardous building that has fallen into disuse and does not fit with modern aeronautical standards, the report says.