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Icelandair and Airbus Finalize Order for up to 25 Airbus A321XLR Aircraft

Our Bureau - : Jul 12, 2023 - : 10:04 am

Icelandair has secured four A321LR aircraft on long-term lease from lessor SMBC Aviation Capital Limited.

Icelandair and Airbus had in April signed a Memorandum of Understanding (MoU) for the purchase of Airbus A321XLR aircraft in April. The Company has now finalized long-term lease agreements with SMBC Aviation Capital Limited, for four new A321LR aircraft, scheduled to be delivered from Airbus in the fourth quarter of 2024.

Icelandair has made 13 A321XLR firm orders and has purchase rights for up to 12 additional aircraft. Deliveries will start in 2029.

“The efficient A321XLR aircraft will further strengthen our business model, increase our flexibility and provide opportunities for future growth, as well as further support our sustainability efforts,” said Bogi Nils Bogason, President & CEO of Icelandair. “The first aircraft is scheduled for delivery in 2029 but we plan to have four Airbus aircraft in operation before summer of 2025 and have now secured the lease of new A321LR aircraft with our long-term partner SMBC Aviation Capital Limited.”

“We extend our heartfelt gratitude to Icelandair for placing their trust and confidence in Airbus,” said Christian Scherer, Airbus Chief Commercial Officer and Head of Airbus International. “It fills us with immense pride to welcome Icelandair as a new Airbus customer. By harnessing the exceptional performance of the A321XLR, your airline is forging a path of sustainable growth with remarkable efficiency and a significant reduction in CO2 emissions.”


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