By 2027, the 7 new planes will replace Icelandair's aging fleet of Boeing 757s. Icelandair CEO Bogi Nils Bogason told Business Insider ... the Alaska Airlines 737 Max blowout in January.

Norwegian Air, TUI, and Icelandair are among airlines using the 737 Max in Europe, while other carriers have the aircraft on order. Boeing declined to comment.

Icelandair also flies the Boeing 737 ... business model and for the locations that that we are in." Bogason added that the shorter flight times may negate the need for lie-flat business class ...