Icejet reports that it is not affected by the financial crisis currently engulfing Iceland's economy. "Since the beginning of this year, over 80 per cent of Icejet's Dornier 328 jet charter business has been concentrated in the UK and Europe, with the majority of its revenues earned in Sterling and Euros," says md Jon Ingi Jonsson.

"As a result, it has been far less affected by the decline of the Icelandic Krona. Demand for our high spec and spacious 328 Jets is strong and we are actively pursuing opening a couple of new bases," adds Jonsson.

Icejet is a part of a group of companies owned by Nordic Partners Investment Group, whose investments embrace hotels, real estate, food production, aviation and retail widely across Europe. Jonsson says: "The foundation of Icejet, our private jet company and sister company IceFBO, which provides fixed based operations at Reykjavik, is strong and will remain strong."

Reykjavik-based Icejet currently has two of its four Dornier 328 Jets configured in 14-seat vip layout, positioned out of London Southend and always available for charter. "Icejet is the only Dornier 328 Jet operator in the world permitted to fly into London City," Jonsson says.

Two further 14-seat jets and one Dornier 328 in 19-seat corporate shuttle layout are based at Reykjavik. One of Icejet's 328 jets is fitted with long range fuel tanks, giving a 2,000 nm range, enabling it to cover routes such as London-Moscow.