Icelandair breaks with tradition, opts for Airbus in new order and lease agreement.
Icelandair has firmed up its provisional commitment from April, opting for as many as 25 Airbus A321XLRs, and in a separate deal, leasing four A321LRs from the aircraft leasing company SMBC Aviation Capital.
This marked commitment includes a firm order of 13 A321XLRs, the first Airbus aircraft in Icelandair's history, with deliveries set to commence in 2029. The airline also secured purchase rights for an additional dozen jets.
"The fuel-efficient A321XLR aircraft will bolster our business model, enhance our flexibility, and pave the way for future growth while reinforcing our sustainability efforts," stated Bogi Nils Bogason, Icelandair's Chief Executive. "Though the first aircraft is slated for delivery in 2029, we plan to have four Airbus aircraft in operation before summer 2025 and have now ensured the lease of new A321LR aircraft with our long-term partner, SMBC Aviation Capital."
Currently, Icelandair's fleet is primarily Boeing-centric. The airline has so far received 18 of the 20 Boeing 737 MAX jets ordered. Its existing fleet also includes Boeing 757 and 767 aircraft, along with De Havilland Canada Dash 8 turboprops.
