just found this on the website

Air-Scotland.com current operation is the fruit of the joint efforts and co-operation between Air-Scotland.com Limited, a Scottish company and Greece Airways, which is a Greek company registered in Athens and licensed by the Greek Civil Aviation Authority.

Air-Scotland.com launched its services and started flying on the 29th of March 2003 in co-operation with other airlines like Electra Airlines and Air Holland who failed to deliver the service and the standard, which Air-Scotland.com was aiming to deliver to its passengers. Air-Scotland.com then teamed up with Greece Airways as its operating partner who is guaranteed to deliver what Air-Scotland.com has aimed for in every way.