Icelandair Signs For Another Airbus A321LR With SMBC

Icelandair has this week announced a deal signed with leasing giant SMBC Aviation Capital for one more Airbus A321LR aircraft.

It is understood that the carrier will take delivery of this jet by the first quarter of 2026, around two years away.

Without further ado, let’s get into it…

Icelandair Signs For Another Airbus A321LR With SMBC…

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Airbus A321LR deliveries are expected to begin this year, with A321XLR deliveries expected to begin from 2029.

So whilst this particular unit won’t be seen until 2026, Icelandair will not be waiting much longer for these new aircraft.

Commenting on the deal with SMBC was Bogi Nils Bogason, the President & CEO of the airline:

“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.”

Back in July this year, Icelandair signed a firm order with Airbus for 13 A321XLRs, which will also join and complement the A321LRs due for delivery starting from this year.

What remains clear is that the strategy of fleet renewal for the carrier begins properly this year, and all eyes will be on the fateful day for the old Boeing 757s that will be retired from the fleet or sent on to new owners.

It’s going to be interesting to see how the model changes with these new aircraft in the years to come.