The award was announced last night at a gala event at ERA’s annual General Assembly, held this year in Edinburgh.
The Airport of the Year Award is intended to recognise airports which have had a positive impact on intra-European air transport operations and which recognise the importance of airline-airport partnerships.
Previous winners of the award include London City, Budapest and Munich Airports.
Welcoming the award, Andrew Murphy, managing director of Shannon Airport, said: “Shannon Airport is delighted to have received this prestigious European accolade from the European Regions Airline Association (ERA).
"Our runway upgrade project, which was self-funded with the assistance of a commercial loan from ISIF, The Ireland Strategic Investment Fund, was completed last year ahead of time and under budget.
"It is part of an overall €40 million investment programme at Shannon Airport on a range of customer-focused projects. For example we reinvented our Shannon Duty-Free shop, the world’s first Duty Free.
"We added new dining facilities and upgraded our boarding gate area, transit, and executive lounges.
“We opened Europe’s first airport sensory room and delivered a suite of online supports for visitors who need special assistance at the airport setting a new standard for the global aviation industry to follow.
"We introduced new time-saving technology to reduce US pre-clearance security screening time and make our customers’ journey through the airport even quicker and easier.”
Announcing the award, ERA director general, Montserrat Barriga, said: “Our Airport of the Year Award winner Shannon Airport has successfully managed an existential crisis of the airport’s runway requiring complete renewal.
"To do this, Shannon Airport achieved €15 million of external investment and managed to keep the airport open throughout the project. Remarkably, the project was finished six weeks ahead of schedule and also under budget.
"Shannon Airport continues to maintain its role as a key part of the community, providing essential connectivity for the region, and I am delighted that it has won this prestigious award this year.”