In addition to the above post, your routes will be recalculated if a competitor adds new flight to a route you're serving. 

I'd probably get set shot by the government for owning something.

shhhh...

Their 787 orders were taken over by Norwegian  

When I visited the US I had the opportunity to fly on jetBlue, and wow! Service was great, fleet was new. Plus they gave complimentary snacks & drinks, and provided free satellite TV!

The reason they haven't ordered these already is that they are too small for Iceland air who need the larger aircraft as they operate lower frequencies.

Unless they're able to position themselves as the Emirates of Northern Europe, it seems like the 737 MAX is their best choice to replace the aging 757 fleet. Who knows maybe we'll see a row of 77Ws and A380s at KEF one day!

Nah, demand between Keflavik are too small, even they would have problem filling up B767, it's iceland guys, a country where people think the land made out of ice

  But they are trying to position themselves as a hub between N. America & Europe aren't they? I read somewhere that the 737 MAXs would not replace the entire 757 fleet. Would see a logical mix of 737 MAXs replacing most 757 routes and some 757s left to service the longer routes. 

Don't see what the problem is with Icelandair (and wasn't the deal over a year ago?). But it must've been a hell of deal for Monarch to make that switch..