CDB Aviation, the Irish subsidiary of China Development Bank Financial Leasing, delivered the first of two Airbus A321LR aircraft to Icelandair under a long-term lease agreement signed in January 2024. The handover occurred in March 2026, with the second aircraft scheduled to join the fleet later this year.
The delivery supports Icelandair’s fleet renewal efforts, which aim to introduce more fuel-efficient aircraft. The A321LR provides extended range and operational flexibility, allowing the airline to expand its transatlantic routes between Europe and North America.
CDB Aviation described the A321LR as suited to current airline needs for fuel efficiency, range, and market adaptability. Icelandair operates from Reykjavik and uses the aircraft to connect passengers across its network.