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The photo you're own?? Liking if that's the case, no pun intended.
I thought it was only minor changes of the movement and the smaller 34mm case size. There are both blue dial OP editions and slightly older Air-King blue dial editions too.
Just didn't really see why they made all so similar?? I guess in the current line up they are completely separated looks wise against the latest Air-King model with the black face, green of the logo, hand and smaller minute increments.
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D-Dog
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Not mine, but I like the steel dial OP36 a lot. :)
Yeah, I think they don’t know what to do with the Air-King name anymore. The current one is not a nice design. For a long while it was the non-chronometer-certified entry level version of the oyster perpetual (see @inchpincher’s lovely linen dial example). Now all Rolexes are certified superlative chronometers. Entry level is now the Oyster Perpetual, I guess the Air-King is waiting to be fixed, like the Milgauss.
Regal
Are you thinking of the Oyster Perpetual? The 36mm OP has a couple of dial colours with the 3/6/9 arabics, blue and silver. Same movement in them I think.
Edit: ah no, the OP uses the 3130, Explorer I uses the 3132, the latter has shock absorbers. Very similar watches though. Fully brushed case and oyster bracelet, polished bezel, no date.
The blue OP is very similar to the old blue Air-King, except the numerals are lumed now.