It will be the first time the airline has changed its livery design since 2006.
TF-ICE, a Boeing 737 Max 8, will be the first of the carrier’s fleet to be painted, with plans to have a total of five Max aircrafts with the new livery in operation by the end of February.
Icelandair intend for the whole Boeing 737 Max 8/9 fleet, a total of 14 planes, to be painted by the end of November 2022 alongside its aircraft maintenance schedule.
The airline also plans to paint its regional fleet in the new livery colours by the end of October 2022.
Icelandair’s new livery aircrafts will have five different tail colours, representing different aspects of Icelandic nature.
The Turkish colour represents the northern lights, magenta the "collective creative power" of Iceland, cyan the Icelandic summer sky, yellow the sun and green the "life that can be found, even after the harshest of events".
Gisli Brynjolfsson, head of global marketing at Icelandair, said: "Icelandair is delighted to be able to kick off 2022 with an exciting new livery design, our first since 2006.
"Part of a wider brand refresh, the new livery colours represent the different natural wonders Iceland is renowned for. From the aurora borealis to the vast Icelandic glaciers and waterfalls, Icelandair’s new livery design celebrates the true spirit of Iceland."
