Icelandair and Airbus finalize order for up to 25 Airbus A321XLR aircraft
July 06 2023 - 6:40AM
Icelandair and Airbus finalize order for up to 25 Airbus A321XLR
aircraft
Four A321LR
secured on long-term lease from lessor
SMBC Aviation Capital
Limited
As previously
announced, Icelandair and Airbus signed a Memorandum of
Understanding for the purchase of Airbus A321XLR aircraft on 7
April 2023. The final purchase agreement has now been finalized.
Icelandair has made 13 A321XLR firm orders and has purchase rights
for up to 12 additional aircraft. Deliveries will start in 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
dates.
As previously announced, the
Company has been in advanced discussions with aircraft lessors
regarding a lease of A321LR aircraft. The Company has now finalized
long-term lease agreements with SMBC Aviation Capital Limited, for
four new A321LR aircraft, scheduled to be delivered from Airbus in
the fourth quarter of 2024. Bogi Nils Bogason,
President & CEO of Icelandair: “We are very pleased to
announce that we have now finalized the purchase agreement with
Airbus. The efficient 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 have four Airbus aircraft in operation before summer of
2025 and have now secured the lease of new A321LR aircraft with our
long-term partner SMBC Aviation Capital Limited.” Christian
Scherer, Airbus Chief Commercial Officer and Head of Airbus
International: "We extend our heartfelt gratitude to
Icelandair for placing their trust and confidence in Airbus. It
fills us with immense pride to welcome Icelandair as a new Airbus
customer. By harnessing the exceptional performance of the A321XLR,
your airline is forging a path of sustainable growth with
remarkable efficiency and a significant reduction in CO2
emissions." Contact information:Investors: Iris Hulda
Thorisdottir, Director Investor Relations.
E-mail: iris@icelandair.isMedia: Asdis Petursdottir, Director
Communications. E-mail: asdis@icelandair.is
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