Icelandair and SMBC have signed a long-term lease agreement for one Airbus A321LR aircraft scheduled to be delivered in the first quarter of 2026. This will be the fifth A321LR aircraft 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 XLR deliveries will start in 2029.
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