News — 2023

SMBC Aviation Capital announces deal to lease four Airbus A321LR aircraft to Icelandair


Dublin, July 6, 2023: SMBC Aviation Capital, one of the world's leading aircraft leasing companies, has today announced that it has signed a lease agreement with Icelandair for four (4) Airbus A321LR aircraft.

The aircraft are scheduled to deliver from Q4 2024 and will be the first Airbus aircraft to be operated by Icelandair in their fleet.

Bogi Nils Bogason, President & CEO of Icelandair:

“We are very pleased to announce that we have now finalized agreements with Airbus. The 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 start operating Airbus aircraft no later than 2025 and have now secured four brand new A321LR aircraft on lease with SMBC Aviation Capital.”

Barry Flannery, Chief Commercial Officer, SMBC Aviation Capital:

“These fuel-efficient, modern aircraft will allow Icelandair to further grow their business and provide more options to their customers over the coming years and we are delighted to support this. The agreement to lease four Airbus A321LR aircraft to Icelandair highlights the importance of long-standing relationships and we look forward to many more years of successful partnership.” 


Media Enquiries:

Conor Irwin/Dara O’Sullivan
SMBC Aviation Capital

+353 1 859 9000


Charles O'Brien

+44 0 7825 043 656