Watch: Iceland volcano erupts, spewing lava, smoke; narrow escape for town of Grindavik

Spewing lava and smoke Iceland volcano on Reykjanes penisula erupted on Tuesday. After weeks of seismic activity, the eruption occurred in southwest Iceland. According to the government, the flight operations are likely to remain unaffected.

Aerial footage reveals Iceland volcano spewing lava, smoke and ashes.

Quashing international travel concerns after chaos that occurred with the volcano eruption, the government said the flights were unlikely to be affected.

"The eruption does not present a threat to life," an Icelandic government statement said."There are no disruptions to flights to and from Iceland and international flight corridors remain open."Authorities last month evacuated the nearly 4,000 inhabitants of the fishing town of Grindavik about 40 km (25 miles) southwest of capital city Reykjavik.

The eruption opened a 4 km (2.5 mile) fissure from which lava fountains emerged.

According to the experts, it was a narrow escape for the residents of Grindavik as most of the lava is flowing into an area with little infrastructure. "There is still a threat to Grindavik, for sure. Now the lava is flowing mostly to the north, but it depends on the topography and where the openings are," said Halldor Geirson, an associate professor at Institute of Earth Sciences at the University of Iceland.

"It could potentially go on for several months, it could also just stop later today or tomorrow,” added Geirson.

Located between the Eurasian and the North American tectonic plates, among the largest on the planet, Iceland is a seismic and volcanic hot spot because the two plates move in opposite directions. The eruption is happening about 30 km from Reykjavik.