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Icelandair Adds A321LR Aircraft to Fleet Renewal Program

Icelandair and SMBC have signed a long-term lease agreement for one Airbus A321LR aircraft.

Icelandair Places First-Ever Airbus order of 13 A321XLRs
Icelandair Places First-Ever Airbus order of 13 A321XLRs

In July last year, Icelandair signed a contract with Airbus for up to 25 Airbus A321XLR aircraft. The airline also signed a long-term lease agreement with SMBC for four new A321LR aircraft.

The Airbus A321LR and XLR aircraft will be the future replacement of Icelandair’s fleet of Boeing 757s. Deliveries of the LR aircraft will begin in 2024, and XLR deliveries will start in 2029.

Bogi Nils Bogason, Icelandair president and CEO, said of the latest lease:

“We are very pleased to announce the lease of one more aircraft from our long-term partner SMBC Aviation Limited. We have already started entry into service for these efficient aircraft that will replace our Boeing 757’s. They will provide exciting opportunities and possibilities to explore new destinations as well as further support our sustainability efforts.”

Icelandair and SMBC signed a long-term lease agreement for one Airbus A321LR aircraft with delivery scheduled in the first quarter of 2026. This will be the fifth A321LR aircraft that Icelandair leased from SMBC.

The Airbus A321LR and XLR aircraft will be the future replacement of Icelandair’s fleet of Boeing 757s. Deliveries of the LR aircraft will begin in 2024, and XLR deliveries will start in 2029.

“We are very pleased to announce the lease of one more aircraft from our long-term partner SMBC Aviation Limited,” Bogi Nils Bogason, said. “We have already started entry into service for these efficient aircraft that will replace our Boeing 757s. They will provide exciting opportunities and possibilities to explore new destinations as well as further support our sustainability efforts.”

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