Prince Aviation is a private charter operator and air taxi in Serbia. It was founded in 1990, and its hub is the Belgrade Nikola Tesla Airport in Belgrade. It is best known as the first, and as of 2014, biggest VIP airline in the Balkans. Besides operating air taxi services, the company has a well-renowned flight school and a Part 145 maintenance center, primarily servicing its own aircraft.
Prince Aviation was founded in 1989 as Prince Air. It is the oldest private airline in Serbia. It made its first commercial flight in 1991. On New Year's Eve of 1993, Prince Air made its first flight from Belgrade Nikola Tesla International Airport using its first airplane, a Cessna 421.
On 15 July 2010, a Prince Aviation Cessna 550 Citation II YU-BSG overrun the runway while landing at Bol Airport. Investigation concluded that the incident occurred because the approach was too fast and too steep. The aircraft overshot touchdown zone, couldn't stop by the end of the runway, penetrated the aerodrome fence and end up in stone area. As result of contact with rocks, aircraft's right leg collapsed, and right wing caught fire. The three crew members and two passengers escaped serious injury. The aircraft was damaged beyond repair.