Icelandair signed a Memorandum of Understanding (MoU) with Airbus for 13 A321XLR aircraft, with options for 12 more. This decision comes on the backdrop of Icelandair’s plan of fleet modernisation and revamp to replace its aging B757s fleet. Icelandair is also currently in an advanced stage of negotiations to lease four Airbus A321LR aircraft in order to operate them from 2025. The airline is expecting the deliveries by 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

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