SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                       ----------------------------------

                                   FORM 10-KSB

                       ----------------------------------

                 Annual Report Under Section 13 or 15(d) of the

                         SECURITIES EXCHANGE ACT OF 1934

[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
     ACT OF 1934

                              For Fiscal Year Ended
                                December 31, 2003

                            Commission File #0-30329

                            SERVICE AIR GROUP, INC.
             (Exact name of registrant as specified in its charter)

                                   New Jersey
         (State or other jurisdiction of incorporation or organization)

                                   22-3719171
                      (IRS Employer Identification Number)

                 5455 Airport Road South, Richmond, B.C. Canada V7B 1B5
               (Address of principal executive offices)      (Zip Code)

                                 (604)722-2147
                (Registrant's telephone no., including area code)

                                 SEGWAY V CORP.
              (Former name, former address and former fiscal year,
                          if changed since last report)

Securities registered pursuant to Section 12(b) of the Act: None

Securities registered pursuant to Section 12(g) of the Act: Common Stock,
$0.0001 par value

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

Yes   [  ]     No [X]

                                        1
<PAGE>

Check if there is no disclosure of delinquent filers in response to Item 405 of
Regulation S-B not contained in this form, and no disclosure will be contained,
to the best of the registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. ( )

Revenues for year ended December 31, 2002: $ 0

Aggregate market value of the voting common stock held by non-affiliates of the
registrant as of April 15, 2003, was: $ 0

Number of shares of the registrant's common stock outstanding as of April 15,
2003 is: 5,250,000

We do not have a Transfer Agent.


                                        2
<PAGE>

                                     PART I

ITEM 1.  DESCRIPTION OF BUSINESS

GENERAL

Service Air Group, Inc. (f/k/a Segway V Corp.), was incorporated on March 31,
2000, under the laws of the State of New Jersey to engage in any lawful
corporate undertaking, including, but not limited to, selected mergers and
acquisitions. We have been in the developmental stage since inception and have
no operations to date other than issuing shares to our original shareholders.

We will attempt to locate and negotiate with a business entity for the
combination of that target company with us. The combination will normally take
the form of a merger, stock-for-stock exchange or stock-for-assets exchange. In
most instances, the target company will wish to structure the business
combination to be within the definition of a tax-free reorganization under
Section 351 or Section 368 of the Internal Revenue Code of 1986, as amended. No
assurances can be given that we will be successful in locating or negotiating
with any target company.

We have been formed to provide a method for a foreign or domestic private
company to become a reporting ("public") company whose securities are qualified
for trading in the United States secondary market.

PERCEIVED BENEFITS

There are certain perceived benefits to being a reporting company with a class
of publicly- traded securities. These are commonly thought to include the
following:

*    the ability to use registered securities to make acquisitions of assets or
     businesses;

*    increased visibility in the financial community;

*    the facilitation of borrowing from financial institutions;

*    improved trading efficiency;

*    shareholder liquidity;

*    greater ease in subsequently raising capital;

*    compensation of key employees through stock options for which there may be
     a market valuation;

*    enhanced corporate image;

*    a presence in the United States capital market.


                                        3
<PAGE>

POTENTIAL TARGET COMPANIES

A business entity, if any, which may be interested in a business combination
with us may include the following:

*    a company for which a primary purpose of becoming public is the use of its
     securities for the acquisition of assets or businesses;

*    a company which is unable to find an underwriter of its securities or is
     unable to find an underwriter of securities on terms acceptable to it;

*    a company which wishes to become public with less dilution of its common
     stock than would occur upon an underwriting;

*    a company which believes that it will be able to obtain investment capital
     on more favorable terms after it has become public;

*    a foreign company which may wish an initial entry into the United States
     securities market;

*    a special situation company, such as a company seeking a public market to
     satisfy redemption requirements under a qualified Employee Stock Option
     Plan;

*    a company seeking one or more of the other perceived benefits of becoming a
     public company.

A business combination with a target company will normally involve the transfer
to the target company of the majority of our issued and outstanding common
stock, and the substitution by the target company of its own management and
board of directors.

No assurances can be given that we will be able to enter into a business
combination, as to the terms of a business combination, or as to the nature of
the target company.

EMPLOYEES

We have no full time employees. Mohammad Sultan, our President has agreed to
allocate a portion of his time to our activities without compensation. Mr.
Sultan anticipates that our business plan can be implemented by his devoting no
more than 10 hours per month to the business affairs and, consequently,
conflicts of interest may arise with respect to the limited time commitment by
Mr. Sultan.

ITEM 2. DESCRIPTION OF PROPERTY

We have no properties and at this time have no agreements to acquire any
properties. We currently use the offices of management at no cost to us.
Management has agreed to continue this arrangement until we complete an
acquisition or merger.

ITEM 3.  LEGAL PROCEEDINGS

There is no litigation pending or threatened by or against us.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.


                                        4
<PAGE>

                                     PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

On December 31, 2003, there were 2 shareholders of record of our common stock.
Our shares of common stock have never been traded on any recognized stock
exchange.

DIVIDENDS

We do not intend to retain future earnings to support our growth. Any payment of
cash dividends in the future will be dependent upon: the amount of funds legally
available; our earnings; financial condition; capital requirements; and other
factors which our Board of Directors deems relevant.

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

Plan of Operation

We are continuing our efforts to locate a merger candidate for the purpose of a
merger. It is possible that we will be successful in locating such a merger
candidate and closing such merger. However, if we cannot effect a non-cash
acquisition, we may have to raise funds from a private offering of our
securities under Rule 506 of Regulation D. There is no assurance we would obtain
any such equity funding.

Results of Operation

We did not have any operating income from inception (March 31, 2000) through
December 31, 2003. For the year ended December 31, 2003, we recognized a net
loss of $1,525. Some general and administrative expenses during the quarter were
accrued. Expenses for the quarter were comprised of costs mainly associated with
legal, accounting and office.

Liquidity and Capital Resources

At December 31, 2003, we had no capital resources and will rely upon the
issuance of common stock and additional capital contributions from shareholders
to fund administrative expenses pending acquisition of an operating company.


                                        5
<PAGE>

ITEM 7. FINANCIAL STATEMENTS

Our financial statements, together with the report of auditors, are as follows:

                             SERVICE AIR GROUP, INC.

                              FINANCIAL STATEMENTS

                                DECEMBER 31, 2003








INDEPENDENT AUDITORS REPORT                                               F-2

BALANCE SHEET                                                             F-3

INTERIM STATEMENTS OF OPERATIONS                                          F-4

STATEMENT OF STOCKHOLDERS' EQUITY                                         F-5

INTERIM STATEMENTS OF CASH FLOWS                                          F-6

NOTES TO INTERIM FINANCIAL STATEMENTS                                     F-7

                                       F-1

<PAGE>

To The Board of Directors
Service Air Group, Inc.


We have audited the accompanying balance sheet of Service Air Group, Inc., as of
December 31, 2003 and 2002, and the related statement of operations, equity and
cash flows for the twelve months ended December 31, 2003 and 2002, and from
inception (March 31, 2000) through December 31, 2003. These financial statements
are the responsibility of the Company's management. Our responsibility is to
express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with generally accepted auditing standards.
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Service Air Group, Inc., as of
December 31, 2003 and 2002, and the results of its operations and its cash flows
for the twelve months then ended and from inception (March 31, 2000) through
December 31, 2003 in conformity with generally accepted accounting principles.





Gately & Associates, LLC
Certified Public Accountants
Altamonte Springs, FL
March 18, 2004


                                       F-2


<PAGE>


                             SERVICE AIR GROUP, INC.

                                 BALANCE SHEETS

<TABLE>
<CAPTION>



                                                                  December 31, 2003     December 31, 2002
--------------------------------------------------------------- --------------------- ----------------------


                                     ASSETS
CURRENT ASSETS
<S>                                                                        <C>                    <C>
   Cash                                                                    $      -               $      -
--------------------------------------------------------------- --------------------- ----------------------

                                                                           $      -               $      -
=============================================================== ===================== ======================

                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
   Accounts payable and accrued liabilities                                $  3,450               $  1,925
--------------------------------------------------------------- --------------------- ----------------------

                                                                              3,450                  1,925
--------------------------------------------------------------- --------------------- ----------------------

CONTINGENCIES (Note 1)

STOCKHOLDERS' EQUITY (CAPITAL DEFICIENCY)
   Capital stock (Note 3)
     Authorized
       Common stock, $0.0001 par value, 100,000,000 shares Preferred stock,
       $0.0001 par value, 20,000,000 shares Issued and outstanding
       5,250,000 shares of common stock                                         525                    525
   Additional paid in capital                                                   425                    425
   Deficit accumulated during development stage                              (4,400)                (2,875)
--------------------------------------------------------------- --------------------- ----------------------

                                                                             (3,450)                (1,925)
--------------------------------------------------------------- --------------------- ----------------------

                                                                           $      -               $      -
=============================================================== ===================== ======================
</TABLE>


    The accompanying notes are an integral part of these financial statements

                                       F-3

<PAGE>


                             SERCICE AIR GROUP, INC.

                            STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>




                                             Twelve Months Ended      (inception) to
                                                December 31,            December 31,
                                             2003           2002            2003
--------------------------------------- -------------- -------------- ---------------


GENERAL AND ADMINISTRATIVE EXPENSES
<S>                                       <C>            <C>            <C>
   Office and general                     $    1,525     $    1,112     $     4,400
--------------------------------------- -------------- -------------- ---------------

NET LOSS FOR THE PERIOD                   $   (1,525)    $   (1,112)    $    (4,400)
======================================= ============== ============== ===============




BASIC NET LOSS PER SHARE                  $    (0.00)    $    (0.00)    $     (0.00)
======================================= ============== ============== ==============


WEIGHTED AVERAGE
   COMMON SHARES OUTSTANDING               5,250,000      5,250,000       5,250,000
======================================= ============== ============== ==============
</TABLE>




    The accompanying notes are an integral part of these financial statements

                                       F-4


<PAGE>

                              SERVICE AIR GROUP, INC.

                        STATEMENT OF STOCKHOLDERS' EQUITY

         FOR THE PERIOD FROM MARCH 31, 2000 (INCEPTION) TO December 31, 2003

<TABLE>
<CAPTION>

                                                                                               Deficit
                                                          Common Stock                      Accumulated     Stockholders'
                                                      --------------------    Additional       During          Equity
                                                       Number of               Paid in      Development       (Capital
                                                       shares       Amount     Capital         Stage         Deficiency)
---------------------------------------------------------------- ------------ ------------- --------------- ----------------
<S>                             <C>                  <C>             <C>          <C>           <C>             <C>
Common stock issued for cash at $0.0001 per share    5,000,000       $  500       $     -       $      -        $     500

Common stock issued for cash at $0.001 per share       250,000           25           225              -              250

Net loss for the period March 31, 2000
     (inception) to December 31, 2000                        -            -             -           (837)            (837)
--------------------------------------------------------------- ------------ ------------- --------------- ----------------

Balance, December 31, 2000                           5,250,000          525           225           (837)             (87)

Capital contributed by shareholders                          -            -           124              -              124

Net loss for the year                                        -            -             -           (926)            (926)
--------------------------------------------------------------- ------------ ------------- --------------- ----------------

Balance, December 31, 2001                           5,250,000          525           349         (1,763)            (889)

Capital contributed by shareholders                          -            -            76              -               76

Net loss for the year                                        -            -             -         (1,112)          (1,112)
--------------------------------------------------------------- ------------ ------------- --------------- ----------------

Balance, December 31, 2002                              90,000          525           425         (2,875)          (1,925)

Net loss for the period                                      -            -             -         (1,525)          (1,525)
--------------------------------------------------------------- ------------ ------------- --------------- ----------------

Balance, December 31, 2003                              90,000       $  525       $   425       $ (4,400)       $  (3,450)
=============================================================== ============ ============= =============== ================

</TABLE>

    The accompanying notes are an integral part of these financial statements

                                       F-5

<PAGE>


                              SERVICE AIR GROUP, INC.

                             STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>




                                                             Twelve Months Ended                (inception) to
                                                      December 31,           December 31,         December 31,
                                                          2003                 2002                  2003
------------------------------------------------- -------------------- -------------------- ---------------------

CASH FLOWS FROM OPERATING ACTIVITIES
<S>                                                       <C>                  <C>                   <C>
  Net loss for the period                                 $   (1,525)          $   (1,112)           $   (4,400)
  Adjusted for item not involving cash:
    Accounts payable                                           1,525                1,000                 3,450
------------------------------------------------- -------------------- -------------------- ---------------------

NET CASH USED IN OPERATING ACTIVITIES                              -                 (112)                 (950)
------------------------------------------------- -------------------- -------------------- ---------------------

CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds on sale of common stock                                 -                    -                   750
  Shareholder capital contributions                                -                   76                   200
------------------------------------------------- -------------------- -------------------- ---------------------

NET CASH FLOWS FROM FINANCING ACTIVITIES                           -                   12                   950
------------------------------------------------- -------------------- -------------------- ---------------------

INCREASE (DECREASE) IN CASH                                        -                  (36)                    -

CASH, BEGINNING OF PERIOD                                          -                   36                     -
------------------------------------------------- -------------------- -------------------- ---------------------

CASH, END OF PERIOD                                       $        -           $        -            $        -
================================================= ==================== ==================== =====================


</TABLE>





    The accompanying notes are an integral part of these financial statements

                                       F-6


<PAGE>

                               SEVICE AIR GROUP, INC.

                      NOTES TO INTERIM FINANCIAL STATEMENTS

                                DECEMBER 31, 2003

--------------------------------------------------------------------------------
NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION
--------------------------------------------------------------------------------

Organization

Service Air Group, Inc. (the Company) was incorporated on March 31, 2000 in the
State of New Jersey. The Company's fiscal year end is December 31 with its
initial period being from March 31, 2000 to December 31, 2000. The Company was
formally known as Segway V Corp. and changed its name to Service Air Group, Inc.
on January 27, 2004.

Basis of presentation

These financial statements are presented in United States dollars and have been
prepared in accordance with United States generally accepted accounting
principles.

The Company is in the initial development stage and has incurred losses since
inception totaling $4,400. To date the Company has had no business operations
and was organized for the purpose of creating a corporate vehicle to locate and
acquire an operating business. The ability of the Company to continue as a going
concern is dependent on raising capital to acquire a business venture and
ultimately to attain profitable operations. Accordingly, these factors raise
substantial doubt as to the Company's ability to continue as a going concern.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
--------------------------------------------------------------------------------

Use of Estimates and Assumptions

Preparation of the Company's financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect certain reported amounts and disclosures. Accordingly,
actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all liquid investments, with an original maturity of three
months or less when purchased, to be cash equivalents.

Fair Value of Financial Instruments

In accordance with the requirements of SFAS No. 107, the Company has determined
the estimated fair value of financial instruments using available market
information and appropriate valuation methodologies. The fair value of financial
instruments classified as current assets or liabilities approximate carrying
value due to the short-term maturity of the instruments.

Net Loss per Common Share

Basic earnings per share includes no dilution and is computed by dividing income
available to common stockholders by the weighted average number of common shares
outstanding for the period. Dilutive earnings per share reflects the potential
dilution of securities that could share in the earnings of the Company. Because
the Company does not have any potentially dilutive securities, the accompanying
presentation is only of basic loss per share.


                                       F-7
<PAGE>

                            SERVICE AIR GROUP, INC.

                     NOTES TO INTERIM FINANCIAL STATEMENTS

                               DECEMBER 31, 2003

--------------------------------------------------------------------------------
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
--------------------------------------------------------------------------------

Income taxes

The Company follows the liability method of accounting for income taxes. Under
this method, future tax assets and liabilities are recognized for the future tax
consequences attributable to differences between the financial statement
carrying amounts of existing assets and liabilities and their respective tax
balances. Future tax assets and liabilities are measured using enacted or
substantially enacted tax rates expected to apply to the taxable income in the
years in which those differences are expected to be recovered or settled. The
effect on future tax assets and liabilities of a change in tax rates is
recognized in income in the period that includes the date of enactment or
substantive enactment. As at December 31, 2002 the Company had net operating
loss carryforwards; however, due to the uncertainty of realization the Company
has provided a full valuation allowance for the deferred tax assets resulting
from these loss carryforwards.

Stock-Based Compensation

The Company accounts for stock-based compensation in respect to stock options
granted to employees and officers using the intrinsic value based method in
accordance with APB 25. Stock options granted to non-employees are accounted for
using the fair value method in accordance with SFAS No. 123. In addition, with
respect to stock options granted to employees, the Company provides pro-forma
information as required by SFAS No. 123 showing the results of applying the fair
value method using the Black-Scholes option pricing model.

The Company accounts for equity instruments issued in exchange for the receipt
of goods or services from other than employees in accordance with SFAS No. 123
and the conclusions reached by the Emerging Issues Task Force in Issue No.
96-18. Costs are measured at the estimated fair market value of the
consideration received or the estimated fair value of the equity instruments
issued, whichever is more reliably measurable. The value of equity instruments
issued for consideration other than employee services is determined on the
earliest of a performance commitment or completion of performance by the
provider of goods or services as defined by EITF 96-18.

The Company has also adopted the provisions of the Financial Accounting
Standards Board Interpretation No.44, Accounting for Certain Transactions
Involving Stock Compensation - An Interpretation of APB Opinion No. 25 ("FIN
44"), which provides guidance as to certain applications of APB 25. FIN 44 is
generally effective July 1, 2000 with the exception of certain events occurring
after December 15, 1998.

NOTE 3 - CAPITAL STOCK
--------------------------------------------------------------------------------

The Company's capitalization is 100,000,000 shares of common stock with a par
value of $0.0001 per share and 20,000,000 shares of preferred stock with a par
value of $0.0001 per share.

The Company has 5,250,00 common shares issued and outstanding.

During the year ended December 31, 2002 the shareholders contributed an
additional $76 in capital (2001 - $124).

The Company has not granted any stock options and has not recorded any
stock-based compensation.

NOTE 5 - INCOME TAXES
--------------------------------------------------------------------------------

The Company has net operating loss carry-forwards which may be available to
offset future taxable income. Due to the uncertainty of realization of these
loss carry-forwards, a full valuation allowance has been provided for this
deferred tax asset.
                                       F-8

<PAGE>

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
        FINANCIAL DISCLOSURE

Our accountant is Gately & Associates independent certified public accountants.
We do not presently intend to change accountants. At no time has there been any
disagreements with such accountants regarding any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure.

ITEM 8A  CONTROLS AND PROCEDURES

(a) Evaluation of disclosure controls and procedures.

Our Chief Executive Officer and Chief Financial Officer (collectively the
"Certifying Officers") maintain a system of disclosure controls and procedures
that is designed to provide reasonable assurance that information, which is
required to be disclosed, is accumulated and communicated to management timely.
Under the supervision and with the participation of management, the Certifying
Officers evaluated the effectiveness of the design and operation of our
disclosure controls and procedures (as defined in Rule [13a-14(c)/15d-14(c)]
under the Exchange Act) within 90 days prior to the filing date of this report.
Based upon that evaluation, the Certifying Officers concluded that our
disclosure controls and procedures are effective in timely alerting them to
material information relative to our company required to be disclosed in our
periodic filings with the SEC.

(b) Changes in internal controls.

Our Certifying Officer has indicated that there were no significant changes in
our internal controls or other factors that could significantly affect such
controls subsequent to the date of his evaluation, and there were no such
control actions with regard to significant deficiencies and material weaknesses.

                                    PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS: COMPLIANCE
        WITH SECTION 16(A) OF THE EXCHANGE ACT

Our directors and officers, as of December 31, 2002, are set forth below. The
directors hold office for their respective term and until their successors are
duly elected and qualified. Vacancies in the existing Board are filled by a
majority vote of the remaining directors. The officers serve at the will of the
Board of Directors.

Name                                Age           Positions and Offices Held

Mohammad Sultan                     34            President/Director
Richard Plotnikoff                  43            Secretary/Director

BUSINESS EXPERIENCE

Set forth below is the name of our director and officer, all positions and
offices held, the period during which he has served as such, and the business
experience during at least the last five years:


<PAGE>

Mr. Sultan is currently involved in the aviation industry. His responsibilities
include planning, corporate infrastructure and business development. Mr. Sultan
devotes most of his time to the affairs of a Canadian based company called
Service Air Group Inc. (Canada). Prior to his involvement with Service Air Group
Inc. (Canada), Mr. Sultan founded a private company called 3Dub Media Inc. and
spends part of his time on the operations of the Media Company; he has been
self-employed since 1989.

Mr.Plotnikoff is currently involved in the health food industry. His
responsibilities include coordinating strategy, planning, and product
development. Mr. Plotnikoff devotes most of his time to the affairs of the
Company. He has been involved in the health industry since 1989 at which time he
founded a private company called Kayto Life Herbs International Corp. Prior to
his involvement with Kayto Life Herbs International Corp., Mr. Plotnikoff was an
Inspector employed by Revenue Canada in the Customs and Excise Division. Mr.
Plotnikoff has a holding company called Shopcom Holdings Ltd. and spends part of
his time on the operations of the Holding Company.

CERTAIN LEGAL PROCEEDINGS

No director, nominee for director, or executive officer has appeared as a party
in any legal proceeding material to an evaluation of his ability or integrity
during the past five years.

COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT

We have not filed Form 5 for the year ending December 31, 2002.

ITEM 10. EXECUTIVE COMPENSATION

Our officer and director does not receive any compensation for his services
rendered to us, has not received such compensation in the past, and is not
accruing any compensation pursuant to any agreement with us. However, our
officer and director anticipates receiving benefits as our beneficial
shareholder and, possibly, in other ways.

No retirement, pension, profit sharing, stock option or insurance programs or
other similar programs have been adopted by us for the benefit of our employees.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

We have issued a total of 5,250,000 shares of common stock for a total of $750
in cash:

<TABLE>
<CAPTION>

Name                       Number of Total Shares      Consideration       % of Shareholdings
----                       ----------------------      -------------       ------------------
<S>                        <C>                         <C>                 <C>
Mohammad Sultan            5,000,000                   $500                95%
Richard Plotnikoff           250,000                   $250                 5%
</TABLE>

Mr. Plotnikoff's shares were originally issued in the name of RGR Corp., a
company of which Mr. Anslow is the sole director, shareholder and President.
With respect to the sales made to RGR Corp. the Company relied upon Section 4(2)
of the Securities Act of 1933, as amended (the "Securities Act").

The address for Mr. Sultan is 5455 Airport Road South, Richmond, B.C. Canada V7B
1B5 The address for Mr. Plotnikoff is 9175 Mainwaring Rd. Sidney, B.C. V8L 1J9


<PAGE>

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

We currently use the offices of management at no cost to us. Management has
agreed to continue this arrangement until we complete an acquisition or merger.

ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K

(a)  The following documents are filed as part of this report:

1.   Financial statements; see index to financial statements and schedules in
     Item 7 herein.

2.   Financial statement schedules; see index to financial statements and
     schedules in Item 7 herein.

3.   Exhibits:

The following exhibits are filed with this Form 10-KSB and are identified by the
numbers indicated; see index to exhibits immediately following financial
statements and schedules of this report.

EXHIBIT DESCRIPTION
------- -----------

3.1     Articles of Incorporation (1)

3.3     By-laws  (1)

33.1    Certification pursuant to Section 302 of Sarbanes Oxley Act of 2002

33.2    Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002


(1) Incorporated by reference to our Form 10-SB (SEC File No. 0-30329).

ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERIVCES

Audit Fees

For the Company's fiscal year ended December 31, 2003 and December 31, 2002, we
were billed $375.00 and $500.00 for professional services rendered for the audit
and review of our financial statements included in our periodic and other
reports filed with the Securities and Exchange Commission for our year ended
December 31, 2003, respectively.

Tax Fees

For the Company's fiscal year ended December 31, 2003 adn December 31, 2002, we
were billed $0.00 and $325.00 for professional services rendered for tax
compliance, tax advice, and tax planning.

All Other Fees

The Company did not incur any other fees related to services rendered by our
principal accountant for the fiscal year ended December 31, 2003.

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.

<PAGE>

                                   SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, there unto duly authorized.


                              SERVICE AIR GROUP, INC.

                              By: /S/ Mohammad Sultan
                              --------------------------
                                      Mohammad Sultan
                                      President, and Director

Dated: April 14, 2004

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed below by the following persons on behalf of the registrant and
in the capacities and on the dates indicated.

NAME                                TITLE                        DATE
----                                -----                        ----

/s/ Mohammad Sultan                 President,                   April 14, 2004
---------------------               and Director
    Mohammad Sultan


                                       17