A Greek air taxi company has set up an airline division to take advantage of the country's recently deregulated air transport market. Aegean Aviation will launch operations in June with British Aerospace Avro RJs.

Based in Athens, 11-year-old Aegean Aviation operates Learjet business jets, but has signed a $100 million deal with BAe for two Avro RJ100s, plus two options, for delivery in April and May.

Aegean, which is part of diversified Greek business group Vassilakis, will have its capital increased to 10 billion drachma ($35 million) through the addition of new shareholders from the shipping and banking sectors.

Source: Flight International