Icelandair Group´s fleet comprised at 31.09 2018 a total of 52 aircraft, of which 42 were owned by the Company.
Aircraft typeIcelandairCargoLoftleiðirAir IcelandTotal
OwnedLeasedCh. as of
B757 200 24 2 5   31 27 4 2
B757 300 2       2 2   1
B737 MAX 8 3       3 2 1 3
B767 300 4   2   6 5 1 0
B737 700     1   1   1 0
B737 800     3   3   3 0
Bombardier Q200        3 3 3   0
Bombardier Q400        3  3  3    0
Total 33 2 11 6 52 42 10 6


Boeing 767-300 wide-body aircraft added to the fleet

In 2016 the Company added B767-300 wide-body aircraft seating 262 passengers to the Route Network.  The high passenger load factor on many of the Company's routes year-round, in addition to limits on slot availability at some airports, made the introduction of larger aircraft a feasible option. The new aircraft have greater range than the B757-200 aircraft and their introduction will open up new market opportunities.

First Boeing 737 MAX delivered in 2018

The Company has an order of sixteen 737 MAX8 and 737 MAX9 aircraft, with an option to buy  additional eight aircraft. The commitment resulting from the confirmed orders, according to Boeing’s list prices at the date of the contract, amounted to USD 1.6 billion.  The Company received acceptable discounts which due to confidentiality agreements cannot be disclosed.

The first three aircraft were delivered in Q1 2018.  The order is for nine 737 MAX8 aircraft, with a seating capacity of 160 passengers, and seven 737 MAX9 aircraft, with a seating capacity of 178.  For comparison, the Boeing 757-200 aircraft used in the Company's international Route Network seats 183 passengers. 

The Boeing 737 MAX aircraft are a new and improved version of the current Boeing 737. They will be fitted with new and more efficient engines, which will reduce fuel consumption by 27% per seat in comparison with the Boeing 757-200 aircraft currently used on the Company's international routes. 

Boeing 757 aircraft will continue in use, as they have proven extremely well suited for the routes extending from Iceland to Europe and North America. The new aircraft will enlarge the fleet and improve both flexibility and the potential for further growth. They can fly to destinations in North America and Europe, opening new possibilities for increased flight frequency and an increased number of destinations, particularly in the wintertime, which will even out the seasonal fluctuations in the Company’s operations.