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                                  Pete Chandler
                                    PRESIDENT
                                NetAir.com, Inc.
                         242 Fall Street, Salt Lake City
                                   Utah, 84116
            (Name and Address of Person Authorized to Receive Notices
          and Communications on Behalf of the Person Filing Statement)
--------------------------------------------------------------------------------
                                 WITH A COPY TO:
                             KARL E. RODRIGUEZ, ESQ
                              24843 Del Prado, #318
                              Dana Point, CA 92629
                                 (949) 248-9561
                               fax (949) 248-1688
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                                   FORM 10-QSB

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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

                        Commission File Number: 000-26249

                      For the Quarter ended March 31, 2001

                                NETAIR.COM, INC.

  Nevada                                                              91-1979237
(Jurisdiction  of  Incorporation)        (I.R.S.  Employer  Identification  No.)

242  Fall  Street,  Salt  Lake  City  UT                                   84116
(Address  of  principal  executive  offices)                         (Zip  Code)

Registrant's  telephone  number,  including  area  code:         (801)  463-6632



As of March 31, 2001, 4,832,500 shares of shares of Common Stock were issued and
outstanding.


Transitional  Small  Business  Disclosure  Format  (check one): yes [ ]   no [X]

                                        1


                          PART I: FINANCIAL INFORMATION

                          ITEM 1. FINANCIAL STATEMENTS.

The  financial  statements,  for the three months ended March 31, 2001, included
herein  have  been  prepared by the Company, without audit pursuant to the rules
and  regulations  of the Securities and Exchange Commission. Certain information
and  footnotes  disclosure normally included in financial statements prepared in
accordance  with generally accepted accounting principles have been condensed or
omitted  pursuant  to  such rules and regulations, although the Company believes
that  the  disclosures  are  adequate  to  make  the information not misleading.

           The  remainder  of  this  page  left  intentionally  blank

                                        2


                                NETAIR.COM, INC.
                                  BALANCE SHEET
                      March 31, 2001 and December 31, 2000
<TABLE>
<CAPTION>
<S>                                                     <C>          <C>
                                                          March 31,    December 31,
                                                            2000            1999
                                                        (Unaudited)
------------------------------------------------------------------------------------
ASSETS
CURRENT ASSETS
Cash . . . . . . . . . . . . . . . . . . . . . . . . .  $    3,782   $       3,782
TOTAL CURRENT ASSETS . . . . . . . . . . . . . . . . .       3,782           3,782
                                                        -----------  --------------
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . .  $    3,782   $       3,782
                                                        ===========  ==============
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Accounts payable . . . . . . . . . . . . . . . . . . .  $    4,804   $         435
                                                        -----------  --------------
TOTAL CURRENT LIABILITIES. . . . . . . . . . . . . . .       4,804             435
                                                        -----------  --------------
STOCKHOLDERS' EQUITY
Common Stock, $.001 par value; authorized 100,000,000
   shares; issued and outstanding, 4,832,500 shares. .       4,833           4,833
Additional paid-in capital . . . . . . . . . . . . . .      99,990          99,990
Accumulated equity (deficit) . . . . . . . . . . . . .    (105,845)       (101,476)
Total Stockholders' Equity . . . . . . . . . . . . . .      (1,022)          3,347
                                                        -----------  --------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY . . . . . .  $    3,782   $       3,782
                                                        ===========  ==============
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                        3


                                NETAIR.COM, INC.
                      STATEMENTS OF OPERATIONS (UNAUDITED)
                             March 31, 2000 and 2001
<TABLE>
<CAPTION>
<S>                        <C>             <C>             <C>
                                                                 From
                                                               Inception
                                From January     From April     (April
                                 1, 2001 to.     1, 2000 to  14, 1999) to
                                  March 31,       March 31,    March 31,
                                    2001            2001         2001
----------------------------------------------------------------------
Revenues. . . . . . . . .            -0-             -0-   $    2,000
                           --------------  --------------  -----------
Net Loss from Operations.          4,369           3,525      107,845
Net Income (Loss) . . . .        ($4,369)        ($3,525)   ($105,845)
                           ==============  ==============  ===========
Loss per Share. . . . . .  $    (0.00090)  $    (0.00092)  $ (0.02399)
                           ==============  ==============  ===========
Weighted Average
    Shares Outstanding. .      4,832,500       3,822,000    4,411,372
                           ==============  ==============  ===========
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                        4


                                NETAIR.COM, INC.
             STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)(UNAUDITED)
            From inception (April 14, 1999) through December 31, 1999
                   For the fiscal year ended December 31, 2000
                     And for the period ended March 31, 2001
<TABLE>
<CAPTION>
<S>                               <C>         <C>           <C>            <C>          <C>
                                                          Additional       Accumulated       Total Stock-
                                  Common      Par           Paid-In           Equity       holders' Equity
                                  Stock       Value         Capital          (Deficit)        (Deficit)
                                  ----------  ------------  -------------  -----------  -----------------
Common Stock issued at inception   3,822,500  $      3,823  $           0  $        0   $          3,823
Sale of Common Stock for
     $0.10 per share . . . . . .   1,000,000         1,000         99,000           0                  0
Net loss during period . . . . .           0             0              0     (77,585)                 0
                                -------------------------------------------------------------------------
Balance at December 31, 1999 . .   4,822,500  $      4,823  $      99,000    ($77,585)  $         26,238
Shares issued for services . . .      10,000            10            990           0                  0
Net loss during period . . . . .           0             0              0     (23,891)                 0
                                -------------------------------------------------------------------------
Balance at December 31, 2000 . .   4,832,500  $      4,833  $      99,990   ($101,476)  $          3,347
Net loss during period . . . . .           0             0              0      (4,369)                 0
                                -------------------------------------------------------------------------
Balance at March 31, 2001. . . .   4,832,500  $      4,833  $      99,990   ($105,845)           ($1,023)
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                        5


                                NETAIR.COM, INC.
                      STATEMENTS OF CASH FLOWS (UNAUDITED)
                             March 31, 2000 and 2001
<TABLE>
<CAPTION>
<S>                               <C>             <C>             <C>
                                                                          From
                                                                       Inception
                                        From January    From April      (April
                                        1, 2001 to      1, 2000 to   14, 1999) to
                                         March 31,.     March 31,      March 31,
                                           2001            2000          2001
                                  --------------  --------------  -----------

Operating Activities

Net Income (Loss). . . . . . . .        ($4,369)        ($3,525)   ($105,845)
Items not affecting cash:
      Accounts payable . . . . .          4,369             435        4,804
      Stock issued for services.              0           4,823        4,823
                                  --------------  --------------  -----------
Net Cash from Operations . . . .              0           1,733      (96,218)
Cash from financing activities
Sale of Common Stock . . . . . .              0               0      100,000
                                  --------------  --------------  -----------
Cash Increase (Decrease) . . . .              0           1,733        3,782
Beginning Cash . . . . . . . . .          3,782               0            0
Cash as of Statement Date. . . .  $       3,782   $       7,800   $    3,782
                                  ==============  ==============  ===========
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                        6


                                NETAIR.COM, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                                 March 31, 2001


NOTES  TO  FINANCIAL  STATEMENTS

NetAir.com, Inc. ("the Company") has elected to omit substantially all footnotes
to  the  financial  statements  for the three months ended March 31, 2001, since
there have been no material changes (other than indicated in other footnotes) to
the  information  previously  reported by the Company in their Audited Financial
Statements  for  the  Fiscal  year  ended  December  31,  2000.

UNAUDITED  INFORMATION

The  information  furnished  herein  was taken from the books and records of the
Company without audit.  However, such information reflects all adjustments which
are,  in the opinion of management, necessary to properly reflect the results of
the  period  presented.  The information presented is not necessarily indicative
of  the  results  from  operations  expected  for  the  full  fiscal  year.

                                        7


              ITEM 2. DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

 (A)  PLAN  OF  OPERATION.

      (1)  CASH  REQUIREMENTS  AND  OF NEED FOR ADDITIONAL FUNDS, TWELVE MONTHS.
Our  funding  requirements  fall  into two categories: basic working capital and
financing  resources  for  purchasing  aircraft for resale. We have only nominal
working  capital available. We are in immediate need of additional funding, from
sources  outside  of  our circle of shareholders, during the next twelve months.
The  expenses  of  our  audit,  legal  and  professional requirements, including
expenses in connection with this 1934 Act Registration of our common stock, have
been  paid  by  us  from  our cash, or advanced by our principal shareholder and
future  requirements  of  this  nature  will most likely require advances by our
management  and  principal  shareholder.  We are limited in our ability to raise
funds  and  launch  operations  before our common stock can be quoted on the NQB
Pink  Sheets  or  the  OTCBB.

     We have obtained a financing commitment from Colon Finance, Ltd. which will
give  us  the  ability  to purchase aircraft at costs substantially below normal
wholesale  values. These purchases could be accomplished only if we are prepared
to  pay  cash  immediately upon inspection, appraisal and acceptance of an offer
for  a  subject  aircraft.  For  this  reason  such  a  financing arrangement is
necessary.

 The  issuer  enjoys  the  non-exclusive  use  of  office, telecommunication and
incidental  supplies of stationary, provided by our principal shareholder. These
costs  are  billed  to  us  on a time-fee basis and are included in our reported
expenses.  We  believe  that these billings accurately reflect the cost of doing
business  during  the  periods  reported.

      (2)  SUMMARY  OF  PRODUCT  RESEARCH  AND  DEVELOPMENT.  None.

      (3)  EXPECTED  PURCHASE  OR SALE OF PLANT AND SIGNIFICANT EQUIPMENT. None.

      (4)  EXPECTED  SIGNIFICANT  CHANGE  IN  THE  NUMBER  OF  EMPLOYEES.  None.

 (B)  DISCUSSION  AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

      (1)  FINANCIAL  CONDITION.  Our  Balance  Sheet is substantially unchanged
since  our  last  annual  report.

      (2)  OPERATIONS AND RESULTS FOR THE PAST TWO FISCAL YEARS. As of March 31,
2001, we have accumulated a deficit of $105,585 since our inception on April 14,
1999.  We have not launched operations. Our quarterly expenses of $4,369 compare
with  $3,525  for  the  previous  period  of  2000.


                           PART II: OTHER INFORMATION


ITEM  1.  LEGAL  PROCEDINGS.  None

ITEM  2.  CHANGES  IN  SECURITIES.  None

ITEM  3.  DEFAULTS  ON  SENIOR  SECURITIES.  None

ITEM  4.  SUBMISSION  OF  MATTERS  TO  VOTE  OF  SECURITY  HOLDERS.  None

ITEM  5.  OTHER  INFORMATION.  None

ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K.  None

                                        8


                                   SIGNATURES


     Pursuant  to  the requirements of the Securities Exchange Act of 1934, this
Form  10-Q Report for the Quarter ended March 31, 2001, has been signed below by
the  following person on behalf of the Registrant and in the capacity and on the
date  indicated.


Dated:  May  9,  2001

                                NETAIR.COM, INC.

                                       by



/s/Pete Chandler          /s/Robert Waddell
   Pete  Chandler          Robert  Waddell
   president/director      secretary/director

                                        9