Given their track record of the indigenous Icelandic airline entrepreneurs and financiers, guess it matters a little who else you go to work for.
Speaking of Small Planet, in their last Cypriot shell reincarnation, they paid all employees every missing cent due after the collapse and on time I hear it was too. Proper employment contract, and social security / health insurance paid as required. Perhaps it's worth mentioning the names of Primera and SAIL instead when discussing dodgy companies. The gold-harp operator of 470 aeroplanes of another island state, do they pay social security on behalf their employees at other places apart from the UK?