It had to happen.
Iceland Express's (IEX) owner has folded and abandoned the money drain. Now, the local authorities have grounded an A320 from Holiday Czeck Airlines because of unpaid airport charges, which IEX should have covered.
WOW Air has taken over all of IEX's schedule, dropping some destinations and planning further adjustments.
All the best wishes to the former staff at IEX and Holiday Czeck Airlines! You did a hell'uva job