Icelandair Group´s fleet comprised at the end of March 2015 a total of 38 aircraft, of which 29 were owned by the Company. In the summer of 2015 the number of aircraft used by Icelandair will rise from 21 to 24.

Aircraft typeIcelandairCargoLoftleiðirAir IcelandGroup fleet
Of wich ownOf wich leasedCh. as of 31.12.14
B757 200 20 2 3   25 21 4 1
B757 300 1       1 1   0
B767 300     2   2   2 0
B737 700     1   1   1 0
B737 800     2   2   2 0
Fokker F-50       5 5 5   0
Dash 8-200        2 2 2   0
Total 21 2 8 7 38 29 9 1


In the autumn of 2015 two B757-200 charter aircraft seating 183 passengers will be returned, and replaced by two B767-300 aircraft seating 260 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 new aircraft will begin flying in the Route Network in the spring of 2016.  The new aircraft have a far greater range than the B757-200 aircraft and their introduction will create new opportunities for expanding into new markets.

A decision has been made to replace the Company's entire fleet of five Fokker 50 aircraft with three Q400 aircraft.  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 will seat 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, amounts to USD 1.6 billion.  The actual purchase price has not been disclosed.