Iceland Express has signed a lease agreement with Czech Airlines subsidiary CSA Holidays.
CSA Holidays will operate two new Airbus aircraft daily from London to Keflavik on behalf of IEX replacing the UK charter airline, Astraeus that ceased operations earlier this week
This will be the first time that Airbus aircraft have been operated on schedule flights to and from Iceland.
The airline is in the process of being granted its own operating licence by the Icelandic Civil Aviation Administration (ICAA).
"We are pleased to be working with CSA Holidays and are looking forward to moving the airline into the future with a modern fleet which will provide a better service for our passengers, said public relations manager at IEX.
According to a flight statistics overview conducted by the Icelandic airport administration Isavia, Iceland Express received the poorest punctuality rate amongst airlines serviced at Keflavik International Airport, with only 36 percent of its flights on schedule during June, July and August 2010.