TOULOUSE, FRANCE — Icelandair and Airbus have agreed on a memorandum of understanding for the purchase of 25 Airbus A321XLR aircraft, with deliveries beginning in 2029. The airline plans to start operating Airbus aircraft in 2025 and is currently negotiating leases for four Airbus A321LRs. 

Additional aircraft acquisitions are expected in subsequent years. This move will complete Icelandair's replacement of its Boeing 757 fleet.

The purchase price for the 13 aircraft remains confidential, and financing options will be explored closer to the delivery dates.

Bogi Nils Bogason, President and CEO of Icelandair, expressed satisfaction with the decision to transition to the fuel-efficient Airbus A321XLR and A321LR aircraft, which will succeed the gradually retiring Boeing 757s. He highlighted the importance of the Boeing 757 in Icelandair's operations since 1990 and its role in developing the airline's extensive route network. 

The new Airbus aircraft will support the continued growth of transatlantic flights and enable entry into new markets.