Regency Airways was a short-lived airline based at Bournemouth (UK) which provided scheduled air service to Alderney (Channel Islands) and Cherbourg (France). G-OREG was delivered to them in Jan 1987. This photograph, just over a year later would suggest that the aircraft is impounded. I have no other info.

Starting out as G-AZLJ with Aurigny in 1.72, the registration shown here is derived from the aircraft's acquisition by Regency Airways in 1.87. Changed hands several times and to Willow Air in 11.92. With Athens Air as SX-CBN (next upload) for a year from 9.94. Later reverted to G-AZLJ and ended up being parted out at Lydd. No doubt most eyes will fall on the ntu Air Columbus 757 G-IEAD behind...