Iceland Air has purchased three used Bombardier Q400s, which will be operated by its Air Iceland regional subsidiary as upgrades to the current Fokker 50s.
The 2000- and 2001-vintage aircraft will be financed with cash holdings and will be delivered in July and August 2015. Air Iceland will then have an all-Bombardier fleet of three Q400s and two Q200s. "The total investment will increase the total assets of Icelandair Group by US$25 million when the estimated sales price of the Air Iceland's five Fokker 50 aircraft has been taken into account," the group said in a filing.