Icelandair Group´s fleet comprised at the end of December 2015 a total of 43 aircraft, of which 35 were owned by the Company. 

Aircraft typeIcelandairCargoLoftleiðirAir IcelandGroup fleet
Of wich ownOf wich leasedCh. as of 31.12.14
B757 200 20 2 4   26 24 2 2
B757 300 1       1 1   0
B767 300   2   4 3 2
B737 700     1   1   1 0
B737 800     2   2   2 0
Fokker F-50       4 4 4   -1




      2 2 2   0


      3 3 3   3
Total 23 2 9 9 43 35 8 6



In the spring of 2016 two B767-300 aircraft with seating capacities of 260 passengers will be added to the fleet. These aircraft are larger than the aircraft operated by the Company to date, as the B757-200 aircraft currently in use have a seating capacity of 183 passengers. The high passenger load factor on many of the Company's routes year-round, in addition to limits on slot availability at some airports, makes the introduction of larger aircraft a feasible option.

The Company's fleet of five Fokker 50 aircraft will be replaced with three Bombardier Q400 aircraft. The purchase of the Q400 aircraft has been finalised and the first aircraft is expected to fly in the Company's service in February 2016. The Q400 aircraft will seat 70 passengers, as compared to the 50-seat capacity of the Fokker 50 aircraft. The change will simplify and streamline the Company's regional operations, as the number of aircraft will be reduced and synergy achieved.

A contract with Boeing was signed in February 2013 confirming an order of sixteen 737 MAX8 and 737 MAX9 aircraft, with an option to buy an additional eight aircraft. The delivery of the first aircraft is scheduled for early 2018.  The order was for nine 737 MAX8 aircraft, with a seating capacity of 153 passengers, and seven 737 MAX9 aircraft, with a seating capacity of 172 passengers.  For comparison, Icelandair's Boeing 757-200 aircraft used in the Company's international Route Network seats 183 passengers.  Boeing 757-200 aircraft will continue in use, as they have proven extremely well suited for the route network extending to Europe and North America.

The new aircraft will enlarge the fleet and improve both flexibility and the potential for further growth. Their range will permit them to 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 reduce the seasonal fluctuations in the Company's operations.  The commitment resulting from the confirmed orders, according to Boeing's list prices, is valued at USD 1.6 billion when the agreement was finalized.  The actual purchase price has not been disclosed.