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**U.S.      SECURITIES AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**________________________________**

**AMENDMENT        NO. 1 TO FORM 10-QSB**

**________________________________**

| **x** | QUARTERLY                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT OF                1934 |
|-------|--------------------------------------------------------------------------------------------------------------------------------------|

**For      the quarterly period ended June 30, 2006**

| **o** | TRANSITION                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT OF                1934 |
|-------|---------------------------------------------------------------------------------------------------------------------------------------|

**For      the transition period from**

**Commission      File No. 000-31329**

**SERVICE      AIR GROUP, INC.**

**(Exact      name of small business issuer as specified in its charter)**

| **New                Jersey**                                                               | **22-3719171**                                      |
|---------------------------------------------------------------------------------------------|-----------------------------------------------------|
| (State                or other jurisdiction ofincorporation                or organization) | (I.R.S.                Employer Identification No.) |

**12692-97**
**Th**

**      Ave. Surrey, B.C. Canada V3V 2E9**

**(604)      722-2147**

**SEGWAY      V CORP.**

**9175      Mainwaring Rd., Sidney BC V8L 1J9**

*** ***

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**TABLE      OF CONTENTS**

**PART      I-- FINANCIAL INFORMATION**

| Item                1. | Financial                Statements                                              |
|------------------------|----------------------------------------------------------------------------------|
|                   |                                                                             |
| Item                2. | Management’s                Discussion and Analysis of Financial Condition |
|                   |                                                                             |
| Item                3. | Control                and Procedures                                            |

**PART      II-- OTHER INFORMATION**

| Item                1. | Legal                Proceedings                                   |
|------------------------|--------------------------------------------------------------------|
|                   |                                                               |
| Item                2. | Changes                in Securities                               |
|                   |                                                               |
| Item                3. | Defaults                Upon Senior Securities                     |
|                   |                                                               |
| Item                4. | Submission                of Matters to a Vote of Security Holders |
|                   |                                                               |
| Item                5. | Other                Information                                   |
|                   |                                                               |
| Item                6. | Exhibits                and Reports on Form 8-K                    |

**SIGNATURE**

**Item      1.**
**Financial      Information**

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**SERVICE      AIR GROUP, INC.**

**INTERIM      FINANCIAL STATEMENTS**

**FOR      THE SIX MONTHS ENDED JUNE 30, 2006**

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| **Service                Air Group, Inc.***(Development                Stage Company)* | Statement                1 |
|----------------------------------------------------------------------------------------|----------------------------|
| **Interim                Balance Sheet**                                               |                       |
| *Prepared                by management*                                                |                       |
| *US                Funds*                                                              |                       |
|                                                                                   |                       |

| **ASSETS**                                                              |   | **June                2006** |        | Dec,                2005 |   |
|-------------------------------------------------------------------------|--------|------------------------------|-------------|--------------------------|--------|
| **Current**                                                             |   |                         |        |                     |   |
| ** **Interest                Receivable                            |   | $                            | **490**     |                     |   | 0 |   |
|                                                                    |   |                         | **490**     |                     |   | 0 |   |
| **Long                - Term**                                          |   |                         |        |                     |   |   |   |
| Property                and Equipment ( Note 4 )                        |   | $                            | **836**     |                     | $      | 984 |   |
| Investments                ( Note 7 )                                   |   |                         | **147,800** |                     |   | 0 |   |
|                                                                    |   |                         | **149,126** |                     |   | 984 |   |
|                                                                    |   |                         |        |                     |   |   |   |
| **LIABILITIES**                                                    |   |                         |        |                     |   |   |   |
| **Current**                                                             |   |                         |        |                     |   |   |   |
| ** **Accounts                Payable and Liabilities               |   | $                            | **13,913**  |                     | $      | 0 |   |
|                                                                    |   |                         | **13,913**  |                     |   | 0 |   |
|                                                                    |   |                         |        |                     |   |   |   |
| **Long-                Term**                                           |   |                         |        |                     |   |   |   |
| Due                to SAG Canada                                        |   |                         | **0**       |                     |   | 10,638 |   |
| Due                to Shareholder ( Note 6 )                            |   |                         | **41,068**  |                     |   | 15,250 |   |
|                                                                    |   |                         | **54,981**  |                     |   | 25,888 |   |
|                                                                    |   |                         |        |                     |   |   |   |
| **Stockholders’                Deficit**(                Note 5 ) |   |                         |        |                     |   |   |   |
| Preferred                stock, $0.0001 par value, 20,000,000 shares    |   |                         |        |                     |   |   |   |
| Issued                and Outstanding are none                          |   |                         |        |                     |   |   |   |
| Common                stock, $0.0001 par value, 100,000,000 shares      |   |                         |        |                     |   |   |   |
| Issued                and outstanding are 5,397,800 and                 |   |                         |        |                     |   |   |   |
| 5,397,800                shares of common stock, respectively           |   |                         | **540**     |                     |   | 525 |   |
| Additional                paid in capital                               |   |                         | **148,210** |                     |   | 425 |   |
| Deficit                ( Statement 2)                                   |   |                         | **(54,604** | **)**                    |   | (25,854 | ) |
|                                                                    |   |                         | **94,146**  |                     |   | (24,904 | ) |
|                                                                    |   |                         |        |                     |   |   |   |
|                                                                    |   | $                            | **149,126** |                     | $      | 984 |   |

**                                                                            **

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| **Service                Air Group, Inc.***(Development                Stage Company)* | Statement                2 |
|----------------------------------------------------------------------------------------|----------------------------|
| **Interim                Statement of Loss**                                           |                       |
| **For                the Six Months Ended June 30,**                                   |                       |
| *Prepared                by management*                                                |                       |
| *US                Funds*                                                              |                       |

|                                                         |   |     |          |   |   |                          |   |
|--------------------------------------------------------------|--------|----------|---------------|--------|--------|-------------------------------|--------|
|                                                         |   | **2006** |          | 2005   |   | From                Inception |   |
| **Interest                Revenue**                          |   | $        | **490**       |   |   |                          |   | $ | 490 |   |
| **Expenditures**                                             |   |     |          |   |   |                          |   |   |   |   |
| Automotive                                                   |   | $        | **10,467**    |   | $      | -                             |   | $ | 15,284 |   |
| Depreciation                                                 |   |     | **148**       |   |   | -                             |   |   | 322 |   |
| Filing                and listing fees                       |   |     | **2,110**     |   |   | 400                           |   |   | 6,773 |   |
| Legal                and professional                        |   |     | **16,516**    |   |   | -                             |   |   | 32,716 |   |
|                                                         |   |     | **29,241**    |   |   | 400                           |   |   | 55,094 |   |
| Net                Loss for the period                       |   | $        | **(28,750**   | )      | $      | (400                          | )      | $ | (54,604 | ) |
| Net                Loss per share - basic and diluted        |   |     | **(0.01**     | **)**  |   | **(0.00**                     | **)**  |   | **(0.01** | **)** |
| Weighted                average number of shares outstanding |   |     | **5,323,900** |   |   | **5,250,000**                 |   |   | **5,323,900** |   |

| **Interim                Statement of Deficit**      |   |
|------------------------------------------------------|--------|
| **For                the Six Months Ended June 30,** |   |
| *Prepared                by management*              |   |
| *US                Funds*                            |   |

|                                             |   | **2006** |        | 2005  |   | From                Inception |   |
|--------------------------------------------------|--------|----------|-------------|-------|--------|-------------------------------|--------|
| **Deficit                - Beginning of Period** |   | $        | **(25,854** | )     | $      | (25,454                       | )      | $ | - |   |
| Net                loss                          |   |     | **(28,750** | **)** |   | (400                          | )      |   | (54,604 | ) |
| **Deficit                - End of Period**       |   | $        | **(54,604** | )     | $      | (25,854                       | )      | $ | (54,604 | ) |

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| **Service                Air Group, Inc.***(Development                Stage Company)* | Statement                3 |
|----------------------------------------------------------------------------------------|----------------------------|
| **Interim                Statement of Stockholders’ Deficiency**                 |                       |
| *Prepared                by management*                                                |                       |
| *US                Funds*                                                              |                       |

|                                                                   |   | Common                Stock        Shares             Amount |      | Additional                Paid-in Capital |   | Accumulated                Deficit |   | Total  |    |
|------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------|-------------------------------------------|--------|------------------------------------|--------|--------|---------|
| Inception,                March 30, 2000                               |   |                                                                                                                                                                  | -         |                                      | $      | -                                  |   | $      | -       |   | $ | - |   | $ | - |   |
| Stock                issued for cash at $0.0001 per share              |   |                                                                                                                                                                  | 5,000,000 |                                      |   | 500                                |   |   | -       |   |   | - |   |   | 500 |   |
| Stock                issued for cash at $0.001 per share               |   |                                                                                                                                                                  | 250,000   |                                      |   | 25                                 |   |   | 225     |   |   | - |   |   | 250 |   |
| Development                stage net loss                              |   |                                                                                                                                                                  | -         |                                      |   | -                                  |   |   | -       |   |   | (837 | ) |   | (837 | ) |
| Balance                December 31, 2000                               |   |                                                                                                                                                                  | 5,250,000 |                                      | $      | 525                                |   | $      | 225     |   | $ | (837 | ) | $ | (87 | ) |
| Capital                contributed by shareholders                     |   |                                                                                                                                                                  | -         |                                      | $      | -                                  |   | $      | 124     |   | $ | - |   | $ | 124 |   |
| Development                stage net loss                              |   |                                                                                                                                                                  | -         |                                      |   | -                                  |   |   | -       |   |   | (926 | ) |   | (926 | ) |
| Balance                December 31, 2001                               |   |                                                                                                                                                                  | 5,250,000 |                                      | $      | 525                                |   | $      | 349     |   | $ | (1,763 | ) | $ | (889 | ) |
| Capital                contributed by shareholders                     |   |                                                                                                                                                                  | -         |                                      | $      | -                                  |   | $      | 76      |   | $ | - |   | $ | 76 |   |
| Development                stage net loss                              |   |                                                                                                                                                                  | -         |                                      |   | -                                  |   |   | -       |   |   | (1,112 | ) |   | (1,112 | ) |
| Balance                December 31, 2002                               |   |                                                                                                                                                                  | 5,250,000 |                                      | $      | 525                                |   | $      | 425     |   | $ | (2,875 | ) | $ | (1,925 | ) |
| Development                stage net loss                              |   |                                                                                                                                                                  | -         |                                      |   | -                                  |   |   | -       |   |   | (1,525 | ) |   | (1,525 | ) |
| Balance                December 31, 2003                               |   |                                                                                                                                                                  | 5,250,000 |                                      | $      | 525                                |   | $      | 425     |   | $ | (4,400 | ) | $ | (3,450 | ) |
| Development                stage net loss                              |   |                                                                                                                                                                  | -         |                                      |   | -                                  |   |   | -       |   |   | (7,556 | ) |   | (7,556 | ) |
| Balance                December 31, 2004                               |   |                                                                                                                                                                  | 5,250,000 |                                      | $      | 525                                |   | $      | 425     |   | $ | (11,956 | ) | $ | (11,006 | ) |
| Development                stage net loss                              |   |                                                                                                                                                                  | -         |                                      |   | -                                  |   |   | -       |   |   | (13,898 | ) |   | (13,898 | ) |
| Balance                December 31, 2005                               |   |                                                                                                                                                                  | 5,250,000 |                                      | $      | 525                                |   | $      | 425     |   | $ | (25,854 | ) | $ | (24,904 | ) |
| Stock                issued for cash at $ 1.00Per                share |   |                                                                                                                                                                  | 147,800   |                                      |   | 15                                 |   |   | 147,785 |   |   |   |   |   | 147,800 |   |
| Development                stage net loss                              |   |                                                                                                                                                                  |      |                                      |   |                               |   |   |    |   |   | (28,750 | ) |   | (28,750 | ) |
| Balance                June 30, 2006                                   |   |                                                                                                                                                                  | 5,397,800 |                                      | $      | 540                                |   | $      | 148,210 |   | $ | (54,604 | ) | $ | 94,146 |   |

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| **Service                Air Group, Inc.***(Development                Stage Company)* | Statement                4 |
|----------------------------------------------------------------------------------------|----------------------------|
| **Interim                Statement of Cash Flows**                                     |                       |
| **For                the Six Months Ended June 30, 2006**                              |                       |
| *Prepared                by management*                                                |                       |
| *US                Funds*                                                              |                       |

|                                                    |   | **2006** |        | 2005   |   | Inception                to2005 |   |
|---------------------------------------------------------|--------|----------|-------------|--------|--------|---------------------------------|--------|
| **Cash                flows from operating activities** |   |     |        |   |   |                            |   |
| Net                loss for the period                  |   | $        | **(28,750** | )      | $      | (400                            | )      | $ | (25,855 | ) |
| Depreciation                and Amortization            |   |     | **148**     |   |   |                            |   |   | - |   |
| Changes                in working capital               |   |     | **13,423**  |   |   | -                               |   |   | 3,451 |   |
|                                                    |   |     | **(15,180** | **)**  |   | (400                            | )      |   | (22,404 | ) |
|                                                    |   |     |        |   |   |                            |   |   |   |   |
| **Cash                flows from financing activities** |   |     |        |   |   |                            |   |   |   |   |
| Proceeds                from sale of Common stock       |   | $        | -           |   | $      | -                               |   | $ | 750 |   |
| Shareholder                capital contribution         |   |     | **-**       |   |   | -                               |   |   | 200 |   |
| Advances                from related party              |   |     | **15,180**  |   |   | 400                             |   |   | 22,438 |   |
|                                                    |   |     |        |   |   |                            |   |   |   |   |
| **Cash                flows from investing activities** |   |     |        |   |   |                            |   |   |   |   |
| Purchase                of Equipment                    |   |     |        |   |   |                            |   |   | (984 | ) |
| Investments                                             |   |     | **-**       |   |   | -                               |   |   | - |   |
| **Increase                (Decrease) in Cash**          |   |     | **-**       |   |   | -                               |   |   | - |   |
| Cash                position - Beginning of period      |   |     | **-**       |   |   | -                               |   |   | - |   |
| **Cash                position - End of Period**        |   | $        | -           |   | $      | -                               |   | $ | - |   |

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| **Service                Air Group, Inc.***(Development                Stage Company)* |   |
|----------------------------------------------------------------------------------------|--------|
| **Notes                to Interim Financial Statements**                               |   |
| **For                the Six Months Ended June 30, 2006**                              |   |
| *Prepared                by management*                                                |   |
| *US                Funds*                                                              |   |

**1.             **
**Organization      and Going Concern**

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**2.            **
**Significant      Accounting Policies**

**Basis      of Presentation**

**Foreign      Currency Translation**

| i)   | Monetary                  assets and liabilities at the rate of exchange in effect at the                  balance                  sheet date, |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------|
| ii)  | Non-monetary                  assets and liabilities, and equity at historical rates,                  and                                      |
| iii) | Revenue                  and expense items at the average rate of exchange prevailing during                  the                  period.      |

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| **Service                Air Group, Inc.***(Development                Stage Company)* |   |
|----------------------------------------------------------------------------------------|--------|
| **Notes                to Interim Financial Statements**                               |   |
| **For                the Six Months Ended June 30, 2006**                              |   |
| *Prepared                by management*                                                |   |
| *US                Funds*                                                              |   |

**2.             **
**Significant      Accounting Policies **
*-      Continued*

**Use      of Estimates and Assumptions**

**Cash      and Cash Equivalent**

**Property      and equipment**

**Capital      Stock**

**Loss      per Share**

**3.             **
**Financial      Instruments**

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| **Service                Air Group, Inc.***(Development                Stage Company)* |   |
|----------------------------------------------------------------------------------------|--------|
| **Notes                to Interim Financial Statements**                               |   |
| **For                the Six Months Ended June 30, 2006**                              |   |
| *Prepared                by management*                                                |   |
| *US                Funds*                                                              |   |

**4.    **Equipment****

|                              |   | **June                30, 2006** |   | December                31, 2005        |   |
|-----------------------------------|--------|----------------------------------|--------|-----------------------------------------|--------|
|                              |   | Cost                             |   | Accumulated                Depreciation |   | Net |   | Cost |   | Accumulated                Depreciation |   | Net |   |
| Computer                Equipment |   | $                                | 1,158  |                                    | $      | 322 |   | $ | 836 |   | $ | 1,158 |   | $ | 174 |   | $ | 984 |   |

**5.           **
**Capital      Stock**

**6.            **
**Related      Party Transactions**

**7.             **
**Investments**

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**Item      2.   Management’s Discussion and      Analysis of Financial Conditions and Results of Operations**

**Plan      of Operation**

**Results      of Operation**

**Liquidity      and Capital Resources**

**Item        3.    **Controls        and Procedures****

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**PART      II - OTHER INFORMATION**

**SIGNATURES**

|   |                               | **SERVICE                  AIR GROUP, INC.**            |
|--------|------------------------------------|---------------------------------------------------------|
|   |                               |                                                    |
| Date:  | November                  29, 2006 | /s/                  *Mohammad                  Sultan* |
|   | Mohammad                  Sultan   |                                                    |
|   | CEO                  and Director  |                                                    |
|   |                               |                                                    |   |   |   |