Icelandair Signs Lease Agreement for Airbus A321LR Aircraft with SMBC

Icelandair signed a long-term lease agreement for one Airbus A321LR aircraft scheduled to be delivered in Q1/26 with SMBC. This will be the fifth A321LR aircraft Icelandair has leased from SMBC. As previously announced, Icelandair signed a contract with Airbus for up to 25 Airbus A321XLR aircraft in July 2023 as well as 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 the 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, president and CEO of Icelandair, 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.”

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.