China Aircraft Leasing Group Holdings Ltd. $(CALC)$ has announced a new lease agreement with Icelandair for two Airbus A321LR aircraft, marking the first collaboration between the two companies. The aircraft, scheduled for delivery in late 2026, will be sourced from CALC's direct orderbook with Airbus. This partnership represents CALC's expansion into Northern Europe and supports Icelandair's fleet renewal strategy. CALC's President and CCO, Winnie Liu, expressed enthusiasm for the partnership, highlighting the company's commitment to providing flexible and efficient fleet solutions. Icelandair's CEO, Bogi Nils Bogason, emphasized the importance of the agreement in modernizing their fleet and enhancing their transatlantic network.