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 September 30, 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)  393-4268


As of September 30, 2001, 4,832,500 shares of shares of Common Stock were issued
and  outstanding.


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

                          PART I: FINANCIAL INFORMATION

                          ITEM 1. FINANCIAL STATEMENTS.

     The  financial  statements,  for  the  three  months  and nine months ended
September  30,  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

                                        1
<PAGE>

                                NETAIR.COM, INC.
                                 BALANCE SHEETS
                     September 30, 2001 and December 31, 2000

<TABLE>
<CAPTION>
                                                      September 30,   December 31,
                                                            2001         2000
----------------------------------------------------------------------------------
<S>                                                     <C>           <C>
ASSETS . . . . . . . . . . . . . . . . . . . . . . . .   (Unaudited)

CURRENT ASSETS

Cash . . . . . . . . . . . . . . . . . . . . . . . . .  $     1,982   $   3,782
TOTAL CURRENT ASSETS . . . . . . . . . . . . . . . . .        1,982       3,782
                                                        ------------  ----------
TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . .  $     1,982   $   3,782
                                                        ============  ==========

LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES
Accounts payable . . . . . . . . . . . . . . . . . . .  $     9,598   $     435
                                                        ------------  ----------
TOTAL CURRENT LIABILITIES. . . . . . . . . . . . . . .        9,598         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) . . . . . . . . . . . . .     (112,439)   (101,476)
                                                        ------------  ----------
Total Stockholders' Equity . . . . . . . . . . . . . .       (7,616)      3,347
                                                        ------------  ----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY . . . . . .  $     1,982   $   3,782
                                                        ============  ==========
</TABLE>

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

                                        2
<PAGE>

                                     NETAIR.COM, INC.
                           STATEMENTS OF OPERATIONS (UNAUDITED)
                                September 30, 2000 and 2001

<TABLE>
<CAPTION>
                                                                                    From
                                                                                  Inception
                                     From July               From January          (April
                                    1, 2001 to               1, 2000 to         14, 1999) to
                                  September 30,             September 30,      September 30,
                                2001         2000         2001         2000         2001
                             -----------  -----------  -----------  -----------  -----------
<S>                          <C>          <C>          <C>          <C>          <C>
Revenues. . . . . . . . . .         -0-          -0-          -0-          -0-   $    2,000
                             -----------  -----------  -----------  -----------  -----------
General and Administrative
Expenses. . . . . . . . . .       2,145        8,853       10,963        8,853      114,439
Net Loss from Operations. .      (2,145)      (8,853)     (10,963)      (8,853)    (114,439)
Net Income (Loss) . . . . .     ($2,145)     ($8,853)    ($10,963)     ($8,853)   ($112,439)
                             ===========  ===========  ===========  ===========  ===========
Loss per Share. . . . . . .  $     0.00   $     0.00   $     0.00   $     0.00   $     0.02
                             ===========  ===========  ===========  ===========  ===========
Weighted Average
    Shares Outstanding. . .   4,832,500    3,822,000    4,832,500    3,822,000    4,752,500
                             ===========  ===========  ===========  ===========  ===========
</TABLE>

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

                                        3
<PAGE>

                                   NETAIR.COM, INC.
                         STATEMENTS OF CASH FLOWS (UNAUDITED)
                             September 30, 2000 and 2001
<TABLE>
<CAPTION>
                                                              From
                                                           Inception
                                      From January           (April
                                       1, 2001 to          14, 1999) to
                                      September 30,        September 30,
                                     2001        2000          2001
----------------------------------------------------------------------
<S>                               <C>         <C>        <C>
Operating Activities
Net Income (Loss). . . . . . . .   ($10,963)   ($8,853)   ($112,439)
Items not affecting cash:
      Accounts payable . . . . .      9,163      8,853        9,598
      Stock issued for services           0          0        4,823
                                 -----------------------------------
Net Cash from Operations . . . .     (1,800)         0      (98,018)
Cash from financing activities
Sale of Common Stock . . . . . .          0          0      100,000
                                  ----------  ---------  -----------
Cash Increase (Decrease) . . . .     (1,800)         0        1,982
Beginning Cash . . . . . . . . .      3,782      7,800            0
Cash as of Statement Date. . . .  $   1,982   $  7,800   $    1,982
                                  ==========  =========  ===========
</TABLE>

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

                                        4
<PAGE>

                                NETAIR.COM, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                               September 30, 2001

NOTES  TO  FINANCIAL  STATEMENTS

NetAir.com, Inc. ("the Company") has elected to omit substantially all footnotes
to the financial statements for the period ended September 30, 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.

                                        5
<PAGE>

              ITEM 2. DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.


 (A)  PLAN  OF  OPERATION.  Our  plan  of  operation  remains unchanged from our
previous  report, in the intermediate to long term. We have only nominal working
cash  or  capital  available. We would require substantial funding, from sources
outside  of  the  company's circle of shareholders, in order to proceed with the
realization  of  our  business  plan.

     The funding commitment of Colon Finance (previously reported) is considered
stale  and  in  need  of  re-negotiation, based on conditions which have not yet
become stable and reliable. The company is 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. This has not occurred yet. Market conditions of the past
six  months have been prohibitive of capital formation of start-up ventures. The
Company has had to delay our launch of operations. During August, then September
and  October,  not only market conditions, but the entire world-wide environment
for  start-up ventures has been drained of potential liquidity to such a degree,
that  all  efforts  have  been  suspended  during  this  period.

     Accordingly, a mature analysis of the issuer's situation has led management
to  the  conclusions,  that  it  must  start fresh at the start of year 2002, to
re-secure  financing,  and  take  meaningful  steps  to  establish our business.
Business  development  is and has been on hold for the second half of year 2001.


 (B)  FINANCIAL  CONDITION.  Our  Balance Sheet is substantially unchanged since
our  last  annual  report.
Results  from the past quarter state we have a net loss of $2,145 as compared to
$8,853  for  the  same quarter in 2000. General and administrative expenses have
been  incurred  for  legal and accounting services to comply with the Securities
Exchanges reporting requirements. Since our inception on April 14, 1999, we have
accumulated  a  deficit  of  $112,439.  We have not launched operations. We have
enjoyed  no  revenues  since  inception.

                           PART II: OTHER INFORMATION

                                        6
<PAGE>

ITEM  1.  LEGAL  PROCEEDINGS.  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


                                        7
<PAGE>
                                   SIGNATURES

     Pursuant  to  the requirements of the Securities Exchange Act of 1934, this
Form 10-Q Report for the Quarter ended September 30, 2001, has been signed below
by  the  following person on behalf of the Registrant and in the capacity and on
the  date  indicated.


                                NETAIR.COM, INC.

Dated:  November  8,  2001     by



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