CDB Aviation Delivers First of Two Airbus A321neo Aircraft to Icelandair

Delivery Advances Carrier’s Fleet Renewal Strategy

Reykjavík, Iceland – April 1, 2026 – CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today the delivery of the first of two new Airbus A321LR aircraft to Icelandair (ICE: ICEAIR).

As previously announced, Icelandair and CDB Aviation signed long-term lease agreements for the two A321LR aircraft in January 2024. The first aircraft was delivered in March 2026, while the second unit is expected to be received by the airline later in 2026.

“We’re excited to support Icelandair’s fleet renewal with the delivery of these next generation aircraft and look forward to deepening our partnership with the airline,” commented Jie Chen, Chief Executive Officer of CDB Aviation. “The A321LR offers the range, efficiency, and flexibility needed to advance Icelandair’s ongoing fleet transformation and enhance its network offering for customers on both sides of the Atlantic.”

“We are pleased to welcome another A321LR to our fleet and to continue strengthening our trusted partnership with CDB Aviation,” said Bogi Nils Bogason, Chief Executive Officer of Icelandair. “This delivery represents another important step in our journey towards operating a more modern, efficient fleet that comprises next generation aircraft. The A321LR plays a key role in our fleet renewal, supporting our network strategy and offering the range and improved fuel efficiency that enables us to deliver a strong and competitive product to our customers.”