Due to extremely high turnover upgrades usually happen fairly close to pilots reaching the minimum hourly requirements.
No job guarantee, no financial security, extremely low pay, old and rapidly ageing fleet, no seniority, permanent discrimination, extremely low morale, very toxic work environment.
No use for any advice. They know exactly what they are doing and will not change the situation until they will be forced to do so by legal requirements (which will not happen anytime soon due to the special status of Iceland)
Simply stay away, this is absolutely no career choice for the long term!
the opportunity to get heavy jet experience
Bogus self-employment, typically combined with management by fear of losing your job. No stable income, no stable rosters, no loyalty towards/among personnel. Second rank treatment by the Icelandic Union Pilots. Toxic and disrespectful
Treat your contractor-pilots with respect / dignity and stop exploiting them just because you think/know you can. Treat them equal to the union pilots.