Many people here in Iceland (including me) have been very happy since Iceland Express joined the game. It's not only their overall lower prices but also the absence of some restrictions such as having to stay until sunday or pay higher prices otherwise. I flew with them two roundtrips KEF
last year and will most probably fly with them 2-4 roundtrips this year. So far I have nothing to complain about.
Their second daily flights will increase travel flexibility, mostly for people from Iceland who transit though Stansted to some other place because as it is now, you usually have to stay the night there to catch your next flight the morning after (they don't land at Stansted until around suppertime when most flight have already departed). The upcomig morning flight will solve that problem.
> it's a shame that they're leasing their aircraft, in view of the high cost ...
Iceland Express is in many ways more like a travel agency than an airline. They keep costs low by outsourcing such things as flight operations and IT
services to companies specializing in those fields. It would not be economical for them to operate their own flight operations with only one or two aircraft. Better to have a bigger partner like Astraeus take care of that.
About them adding more destinations, I don't see that happening soon. Each additional jet they take would need to make two roundtrips per day, either two to the same location or one to two locations. London and Copenhagen have for a long time been the most popular destinations from Iceland. Other destinations would not provide enough passengers unless maybe over the summer.
Reykjavik Aviation Photography - Just bring the aircraft to us and we'll photograph them! :-)