I did the western fjords route last year. Not the whole thing... weather kicked out ass. There is a post in here from last September with some trip details. On good weather days Iceland is insane.
Bounce worked great in Iceland. Flew in. Bus to Reykjavik. Build bikes at the bus station. Walked bike bags to a thrift shop nearby that used bounce. Super easy process.
Biked to the regional airport from there and walked bikes on.
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