Skip to main content

Icelandair and Airbus finalize order for up to 25 Airbus A321XLR aircraft

Written by Customer Service on . Posted in Public Companies.

Four A321LR secured on long-term lease from lessor SMBC Aviation Capital Limited 

As previously announced, Icelandair and Airbus signed a Memorandum of Understanding for the purchase of Airbus A321XLR aircraft on 7 April 2023. The final purchase agreement has now been finalized. Icelandair has made 13 A321XLR firm orders and has purchase rights for up to 12 additional aircraft. Deliveries will start in 2029. The agreed purchase price of the 13 aircraft is confidential. The financing of the aircraft is yet to be determined but the Company will explore financing options closer to the delivery dates. 

 
As previously announced, the Company has been in advanced discussions with aircraft lessors regarding a lease of A321LR aircraft. 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.  

Bogi Nils Bogason, President & CEO of Icelandair: 

“We are very pleased to announce that we have now finalized the purchase agreement with Airbus. 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. 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.” 

Christian Scherer, Airbus Chief Commercial Officer and Head of Airbus International:  

“We extend our heartfelt gratitude to Icelandair for placing their trust and confidence in Airbus. 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.”  

Contact information:
Investors: Iris Hulda Thorisdottir, Director Investor Relations. E-mail: iris@icelandair.is
Media: Asdis Petursdottir, Director Communications. E-mail: asdis@icelandair.is

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.