Editing Icelandair (section)

===Fleet development===
In 2005, the airline, on behalf of its parent company Icelandair Group, announced an order for ten [[Boeing 737 Next Generation|Boeing 737-800]] aircraft with options for five more.<ref>{{cite web|url=http://www.boeing.com/news/releases/2005/q1/nr_050126g.html |title=Boeing: Boeing, Flugleidir Icelandair Group Announce Order for 10 Boeing Next-Generation 737-800s |access-date=22 December 2012 |url-status=dead |archive-url=https://web.archive.org/web/20120416010057/http://boeing.com/news/releases/2005/q1/nr_050126g.html |archive-date=16 April 2012 }}</ref> Those options were later exercised.<ref>{{cite web|url=http://www.mbl.is/vidskipti/frettir/2005/04/11/kaupa_fimm_nyjar_boeing_737_800_flugvelar_til_vidbo/|title=Kaupa fimm nýjar Boeing 737-800 flugvélar til viðbótar|access-date=24 April 2015}}</ref> These were not placed into service by the airline but leased to other airlines.<ref>{{cite news|url=http://www.mbl.is/frettir/innlent/2005/05/18/fl_group_leigir_air_china_fimm_boeing_velar/|title=FL Group leigir Air China fimm Boeing-velar |trans-title=FL Group leases Boeing aircraft to Air China |language=is |website=mbl.is |access-date=24 April 2015}}</ref> During that same year, Icelandair announced an order for two [[Boeing 787 Dreamliner]]s.<ref name="boeing2005">{{cite web|title=Boeing: Icelandair Orders Two Boeing 787 Dreamliners|url=http://www.boeing.com/news/releases/2005/q1/nr_050225g.html|publisher=Boeing|date=25 February 2005|access-date=12 August 2012|url-status=dead|archive-url=https://web.archive.org/web/20120628111721/http://www.boeing.com/news/releases/2005/q1/nr_050225g.html|archive-date=28 June 2012}}</ref> In 2006, Icelandair announced an order for two more Boeing 787s.<ref>{{cite web|url=http://www.boeing.com/news/releases/2006/q2/060405d_nr.html |title=Boeing: Icelandair Orders Two Additional Boeing 787s |access-date=22 December 2012 |url-status=dead |archive-url=https://web.archive.org/web/20120316133621/http://www.boeing.com/news/releases/2006/q2/060405d_nr.html |archive-date=16 March 2012 }}</ref><ref name="reuters1">{{cite news |title=UPDATE 1-Icelandair Says No Plans To Cancel Boeing Orders|url=https://www.reuters.com/article/icelandair-orders-idUSLQ57344520090326|publisher=Reuters Online |date=26 March 2009|access-date=12 August 2012}}</ref> In 2011, it was announced that orders for three of the 787s had been cancelled.<ref name="flightglobal1">{{cite web |title=Icelandair To Transfer Purchase Rights on Three 787s to Norwegian|url=http://www.flightglobal.com/news/articles/icelandair-to-transfer-purchase-rights-on-three-787s-to-norwegian-357234/|website=Flightglobal |date=26 May 2011|access-date=25 February 2015}}</ref>

On 13 February 2013, Icelandair Group announced that the company had finalized an order with Boeing for 16 new [[Boeing 737 MAX]] aircraft.<ref>{{cite web|url=http://visir.is/icelandair-gengur-fra-kaupum-a-sextan-737-max-flugvelum-fra-boeing/article/2013130219620|title=Vísir - Icelandair gengur frá kaupum á sextán 737 MAX flugvélum frá Boeing|work=visir.is|date=13 February 2013 |access-date=24 April 2015}}</ref> Purchase rights for eight additional 737s were also signed. The value for all 16 aircraft was US$1.6 billion at Boeing list prices, but the actual purchase price was confidential. The aircraft were scheduled to be delivered in 2018–2021. The order was for nine 737 MAX 8s configured for 153 passengers, and seven 737 MAX 9s to hold 172 passengers. Icelandair Group's current Boeing 757-200 aircraft hold 183 passengers.<ref>{{cite web|url=https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=541541&messageId=667110|title=Icelandair Group and Boeing finalize orders for 737 MAX|access-date=20 July 2016}}</ref>

On 8 May 2019, Icelandair announced that the company was considering ordering the [[Airbus A321neo]] and [[Airbus A321LR]] as a replacement for their ageing fleet of Boeing 757s, or to run alongside their [[Boeing 737 MAX 8]] or to even replace the MAX 8s entirely, due to the [[Boeing 737 MAX groundings]].

On 22 January 2020 Icelandair announced that the airline would lease three [[Boeing 737-800]] airliners to enter service in spring 2020.<ref>{{cite web|url=https://www.icelandair.com/en-gb/blog/statement-boeing-max-operations/|access-date=11 February 2020|title=Icelandair Statement on Boeing 737 MAX Operations}}</ref> The aircraft were to be [[dry lease]]d and flown by Icelandair pilots.{{citation needed|date=June 2024}} However this never took place.

On 12 August 2020, Icelandair reached a settlement with [[Boeing]] over the MAX groundings. The settlement included reducing the carrier's order for future MAX aircraft by four.<ref>{{Cite web|last=Will|first=Luke|date=12 August 2020|title=Icelandair Received Settlement and Cuts MAX Orders|url=https://travelradar.aero/icelandair-receives-settlement-and-cuts-737-max-orders/19385/|access-date=13 August 2020|website=Travel Radar}}</ref>

On 7 April 2023, Icelandair announced that the airline had signed an [[Memorandum of understanding|MOU]] for an order of up to 25 [[Airbus A320neo family#A321XLR|A321XLRs]]: 13 firm orders with 12 further options. At the same time, it was also announced that negotiations were underway to lease four [[Airbus A320neo family#A321LRs|A321LRs]]. These will replace its ageing [[Boeing 757]] fleet.<ref>{{cite press release |title=Icelandair and Airbus sign a Memorandum of Understanding for the purchase of up to 25 Airbus A321XLR aircraft |url=https://www.globenewswire.com/news-release/2023/04/07/2643063/0/en/Icelandair-and-Airbus-sign-a-Memorandum-of-Understanding-for-the-purchase-of-up-to-25-Airbus-A321XLR-aircraft.html |access-date=7 April 2023 |website=Globe News Wire (link from Icelandair newsroom)|date=7 April 2023 }}</ref> This will be the first-ever Airbus order for the Icelandic flag carrier. The first Airbus A321LR was delivered on 2 December 2024.<ref name=":1" />

In December 2024, Icelandair's two Boeing 757-300 aircraft were wet-leased to Fly Khiva of [[Uzbekistan]].<ref name=":2" />

On 29 April 2025, Icelandair announced that the airline would retire their [[Boeing 767-300ER]] by autumn 2029.<ref>{{Cite web |date=April 30, 2025 |title=Q1 2025 results |url=https://storage.mfn.se/e1a6a07c-47d6-461b-86e3-f45a1a7b6742/q1-2025-market.pdf |access-date=April 30, 2025 |website=Icelandair}}</ref>