FORM 10-QSB

                       SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C.

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

            For the quarterly period ended September 30, 2001

                                       OR

[ ]         TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
            THE SECURITIES EXCHANGE ACT OF 1934

            For the transition period from ____________ to _________________

                        Commission File Number 000-30797

                            EAST COAST AIRLINES, INC.
             (Exact name of registrant as specified in its charter)

                    DELAWARE                              14-1818396
         (State or other jurisdiction of               (I.R.S. Employer
          incorporation or organization)              Identification No.)

                 C/O SULLIVAN, MCBRIDE HESS & YOUNGBLOOD, P.C.,
                      4 TOWER PLACE, ALBANY, NEW YORK 12203
                                 (518) 438-5364
             (Address and telephone number, including area code, of
                    registrant's principal executive office)

         (Former name, former address and former fiscal year, if changed
                               since last report)

      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  X         NO
    ---           ---

      Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practicable date.

      At October 24, 2001 there were 754,500 shares of Common Stock, $.0001 par
value, outstanding.

<PAGE>

                            EAST COAST AIRLINES, INC.

                                      INDEX

<TABLE>
<CAPTION>
                                                                              Page
                                                                              ----
<S>                                                                               <C>
Part I.  Financial Information                                                      1

  Item 1.         Financial Statements

                  Balance Sheets as of September 30,
                   2001 (unaudited) and December 31, 2000                           2

                  Statements of Operations for the Nine and Three Months Ended
                   September 30, 2001 and 2000 (unaudited) and the Period
                   November 17, 1999 (Date of
                   Formation) through September 30, 2001                            3

                  Statements of Cash Flows for the Nine Months Ended September
                   30, 2001 and 2000 (unaudited) and the Period November 17,
                   1999
                   Date of Formation) through September 30, 2001                    4

                  Notes to Condensed Financial Statements (unaudited)             5 - 6

  Item 2.         Management's Discussion and Analysis
                   or Plan of Operations                                          7 - 8

Part II. Other Information

  Item 1.         Legal Proceedings                                                 9
  Item 2.         Changes in Securities                                             9
  Item 3.         Defaults upon Senior Securities                                   9
  Item 4.         Submission of Matters to a Vote of Security Holders               9
  Item 5.         Other Information                                                 9
  Item 6.         Exhibits and Reports on Form 8-K                                  9

Signatures                                                                         10
</TABLE>

<PAGE>


PART I.  FINANCIAL INFORMATION

         Item 1.  Financial Statements

                  Certain information and footnote disclosures required under
         generally accepted accounting principles have been condensed or omitted
         from the following financial statements pursuant to the rules and
         regulations of the Securities and Exchange Commission. It is suggested
         that the following condensed financial statements be read in
         conjunction with the year-end financial statements and notes thereto
         included in the Company's Annual Report on Form 10-KSB for the year
         ended December 31, 2000.

                  The results of operations for the nine months ended September
         30, 2001, are not necessarily indicative of the results to be expected
         for the entire fiscal year or for any other period.

                                      -1-


<PAGE>



                            EAST COAST AIRLINES, INC
                          (A DEVELOPMENT STAGE COMPANY)
                                  BALANCE SHEET

<TABLE>
<CAPTION>
                               ASSETS
                               ------
                                                                        September 30,          December 31,
                                                                   ----------------------- ---------------------
                                                                            2001                  2000
                                                                   ----------------------- ---------------------
                                                                        (unaudited)
<S>                                                                       <C>                     <C>
Current Assets:
    Cash                                                                  $    392                $  2,537
    Due from stockholder                                                        --                     100
                                                                          --------                --------
         Total Assets                                                     $    392                $  2,637
                                                                          ========                ========

                          LIABILITIES AND STOCKHOLDERS' DEFICIENCY
                          ----------------------------------------

Current Liabilities:
    Accounts Payable                                                      $ 28,728                $ 15,829
    Accrued Expenses                                                         1,000                   2,600
    Due to shareholder                                                       5,191                      --
                                                                          --------                ---------
         Total Liabilities                                                  34,919                  18,429
                                                                          --------                ---------

Stockholders' Deficiency:
    Common stock - $.0001 par value-
      authorized 20,000,000 shares;
      754,500 and  604,500 shares
      outstanding at September 30, 2001
      and December 31, 2000                                                     75                      60
    Additional paid-in-capital                                              11,375                  10,890
    Deficit accumulated during
      development stage                                                    (45,977)                (26,742)
                                                                          --------                --------
         Total Stockholders' Deficiency                                    (34,527)                (15,792)
                                                                          --------                --------

         TOTAL LIABILITIES AND
           STOCKHOLDERS' EQUITY DEFICIENCY                                $    392                $  2,637
                                                                          ========                ========
</TABLE>
                       See notes to financial statements.

                                      -2-

<PAGE>

                            EAST COAST AIRLINES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF OPERATIONS
                                   (unaudited)

<TABLE>
<CAPTION>

                                                                                                         Period
                                                                                                   November 17, 1999
                                           Nine Months Ended           Three Months Ended     (Date of formation through
                                             September 30,               September 30,            September 30, 2001)
                                      ----------------------------------------------------------------------------------------------
                                             2001         2000          2001        2000
                                             ----         ----          ----        ----
<S>                                       <C>          <C>          <C>          <C>                 <C>
Cost and Expenses:
    General and administrative
      expenses                            $  18,097    $  25,974    $   9,323    $  19,572           $  44,839

    Interest expense
                                              1,138           --        1,138           --               1,138
                                          ---------    ---------    ---------    ---------           ---------

    Net (loss)                            $  19,235    $ (25,974)   $  10,461    $ (19,572)          $  45,977
                                          =========    =========    =========    =========           =========


    (Loss) per Common Share-
      basic and diluted                   $   (0.03)   $   (0.05)   $   (0.02)   $   (0.03)
                                          =========    =========    =========    =========


    Weighted average number of
      common shares outstanding-
      basic and diluted                     629,362      567,960      629,362      569,960
                                          =========    =========    =========    =========
</TABLE>

                       See notes to financial statements.

                                      -3-




<PAGE>

                            EAST COAST AIRLINES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF CASH FLOWS
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                 Period
                                                    Nine Months Ended        November 17, 1999
                                                       September 30,       (Date of Formation)
                                                   ---------------------    through September
                                                      2001        2000           30, 2001
                                                      ----        ----           --------
<S>                                                   <C>      <C>            <C>
Cash flows from operating activities:

Net (loss)                                          $(19,235)   $(25,974)       $(45,977)
Non cash activities:
    Stock issued for services
                                                         500          --             500
Changes in operating assets
      and liabilities
    Increase in accounts payable                      12,899      18,300          28,728
    Increase (decrease) in
      accrued expenses                                (1,600)        800           1,000
                                                    --------    --------        --------
    Net cash (used in) operating
      activities                                      (7,436)     (6,874)        (15,749)
                                                    --------    --------        --------

Cash flow from financing activities:
    Proceeds from sale of
      common stock                                        --      10,950          10,950
    Proceeds from officer loan                         5,391          --           5,391
    Payment to officer                                  (100)         --            (200)
                                                    --------    --------        --------
    Net Cash Provided by
      Financing Activities                             5,291      10,950          16,141
                                                    --------    --------        --------

    Net increase (decrease) in Cash                   (2,145)      4,076             392
    Cash - beginning of period                         2,537          --              --
                                                    ---------   --------        --------
    Cash - ending of period                         $    392    $  4,076        $    392
                                                    =========   ========        ========

Supplementary Information:
    Cash paid during the year for:

    Interest                                        $      --    $     --        $    --
                                                    =========    ========        =======

    Income taxes                                    $      --    $     --        $   800
                                                    =========    ========        =======
</TABLE>

                       See notes to financial statements.

                                      -4-

<PAGE>

                            EAST COAST AIRLINES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                     NOTES TO CONDENSED FINANCIAL STATEMENTS

1.  DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING
    -------------------------------------------------------------
    POLICIES
    --------

1.  ORGANIZATION

       The balance sheet as of September 30, 2001, and the statements of
       operations and cash flows for the nine months ended September 30, 2001
       have been prepared by East Coast Airlines, Inc. (the "Company" or "East
       Coast Airlines") and are unaudited. In the opinion of management, all
       adjustments (consisting of normal recurring adjustments) necessary to
       present fairly the financial position, results of operations and cash
       flows for all periods presented have been made. The information for
       December 31, 2000 was derived from audited financial statements.

2.  BASIS OF PRESENTATION

       The accompanying financial statements have been prepared on a going
       concern basis, which contemplates the realization of assets and the
       satisfaction of liabilities in the normal course of business. The
       Company's primary planned activities are to provide scheduled air service
       to small and medium sized markets which have experienced either a total
       or partial loss of service as a result of shifts by major airlines. At
       September 30, 2001, operations had not yet commenced and no revenue has
       been derived; accordingly, the Company is considered a development stage
       enterprise. There is no assurance the Company will achieve a profitable
       level of operation.

       The Company presently does not have sufficient liquid assets to finance
       its anticipated funding needs and obligations. The Company's continued
       existence is dependent upon its ability to obtain needed working capital
       through additional equity and/or debt financing and the commencement of
       its planned principal operations. Management is actively seeking
       additional capital to ensure the continuation of its development
       activities. However, there is no assurance that additional capital will
       be obtained. These uncertainties raise substantial doubt about the
       ability of the Company to continue as a going concern.

       The financial statements do not include any adjustments relating to the
       recoverability and classification of recorded asset amounts or the
       amounts and classifications of liabilities that might be necessary should
       the Company be unable to continue as a going concern.

                                       -5-

<PAGE>

3.     LOSS PER SHARE

       Basic loss per common share is computed using the weighted average number
       of common shares outstanding during the period. Diluted earnings per
       common share are computed using the weighted average number of common
       shares and potential common shares outstanding during the period. During
       the nine months ended September 30, 2001 and 2000, potential common
       shares were not used in the computation of diluted loss per common share
       as their effect would be antidilutive.

4.     COMMON STOCK

       The Company has a single class of Common Stock with a par value of
       $0.0001 per share. At September 30, 2001, 754,500 shares were issued and
       outstanding. The president of the Company purchased 475,000 shares in
       April 2000 and the secretary of the Company purchased 25,000 shares in
       April 2000 at $0.001 per share.

       In May 2001, the Company issued 150,000 shares of Common Stock for
       services rendered at $0.001 per share.

       Such shares were issued without registration in reliance on the exemption
       from registration with the United States Securities and Exchange
       Commission (the "Commission") contained in sections 3(b) and 4(2) of the
       Securities Act of 1933 and Rule 504 of Regulation D promulgated
       thereunder for small offerings.

5.     RELATED PARTY TRANSACTIONS

       As described in Note 2, the president and secretary of the Company
       purchased 475,000 and 25,000 shares of stock respectively.

                                       -6-


<PAGE>


Item 2.    Management's Discussion and Plan of Operations

Forward Looking Statements
--------------------------

   Certain information contained herein should be considered "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995 which is subject to a number of risks and uncertainties. The preparation
of forward-looking statements requires the use of estimates of future revenues,
expenses, activity levels and economic and market conditions, many of which are
outside the control of East Coast Airlines, Inc. ("Company") control. Specific
factors that could cause actual results to differ materially from those set
forth in the forward-looking statements include: economic conditions, labor
costs; aviation fuel costs; competitive pressures on pricing; weather
conditions; government legislation; consumer perceptions of the Company's
products; demand for air transportation in the markets intended to be served by
the Company; other operational matters discussed herein and other risks and
uncertainties. Other factors and assumptions not identified above are also
involved in the preparation of forward-looking statements, and the failure of
such other factors and assumptions to be realized may also cause actual results
to differ materially from those discussed.

Plan of Operation
-----------------

   The Company is in the initial stages of startup and is exploring the
feasibility of raising sufficient capital to implement its business plan. The
Company has been in the development stage since inception (November 17, 1999).

   The Company has registered its class of common stock on a Form 10-SB
registration statement filed pursuant Section 12(g) of the Securities Exchange
Act of 1934 (the "Exchange Act").

   The Company has limited capital and is unable to commence the operations
described in its business plan until it raises equity or debt funding. At the
present time, the Company has not commenced operations or any activities beyond
the planning stage.

   The Company has incurred, and will continue to incur, expenses relating to
its operations. Specifically, as long as the Company is required to file reports
under the Exchange Act, the Company will continue to incur accounting and legal
fees relating to these filings. The Company enjoys the non-exclusive use of
office, telecommunication and incidental supplies of stationary, provided by its
officers. As of the date of this report, the Company has not generated any
revenues.

                                       -7-

<PAGE>

   The Company must rely upon loans and investments from affiliates to pay its
operating expenses. There are no assurances that such affiliates will continue
to advance funds to the Company or will continue to invest in the Company's
securities. In the event the Company is unable to obtain additional capital or
funding it may be unable to pursue its business plan.

   Once the Company completes its business planning and commences acquiring the
assets and resources necessary to execute its business plan, the Company will
need additional funding. No significant cash or funds are expected to be
required for the Company to complete its business planning.

Liquidity
---------

   At September 30, 2001, the Company had a working capital deficit of $34,527,
compared to a working capital deficit of $15,792 at December 31, 2000. The
decrease in working capital is the result of the net loss incurred during the
nine months ended September 30, 2001.

Results of Operations
---------------------

Nine Months Ended September 30, 2001 compared to
------------------------------------------------
  Nine Months Ended September 30, 2000
--------------------------------------

   General and administrative expenses decreased from $25,974 for the nine
months ended September 30, 2000 to $18,097 for the nine months ended September
30, 2001. The Company attributes this decrease primarily to a decrease in
professional fees.

    Interest expense increased from $-0- from the nine months ended September
30, 2000 to $1,138 for the nine months ended September 30, 2001. The Company
attributes this increase primarily to interest on debt owed.


Three Months Ended September 30, 2001 compared to
-------------------------------------------------
  Three Months Ended September 30, 2000
---------------------------------------

   General and administrative expenses decreased from $19,572 for the three
months ended September 30, 2000 to $9,323 for the three months ended September
30, 2001. The Company attributes this decrease primarily to a decrease in
professional fees.

   Interest expense increased from $-0- for the three months ended September 30,
2000 to $1,138 for the three months ended September 30, 2001. The Company
attributes this increase primarily to interest on debt owed.

                                       -8-
<PAGE>

PART II - OTHER INFORMATION

         ITEM 1.  LEGAL PROCEEDINGS

                  There are no legal proceedings against the Company and the
                  Company is unaware of such proceedings contemplated against
                  it.

         ITEM 2.  CHANGES IN SECURITIES

                  During the second quarter of 2001, the Company issued 150,000
                  restricted shares of its common stock to an individual for
                  services rendered to the Company. The Company issued these
                  securities pursuant to the exemption for the registration
                  requirements of the Securities Act of 1933, as amended,
                  provided by Section 4(2).

         ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

                  Not applicable.

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

                  Not applicable.

         ITEM 5.  OTHER INFORMATION

                  Not applicable

         ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

         (a) Exhibits:

                  Not applicable

         (b) The following reports on Form 8-K were filed during the last
             quarter of the period covered by this report.

                  None.

                                       -9-

<PAGE>

                                   SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant has
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                              EAST COAST AIRLINES, INC.


                                              BY: /s/ Robert J. Salluzzo
                                                  ----------------------
                                                      Robert J. Salluzzo
                                                      Principal Financial and
                                                      Chief Accounting Officer


Dated:  November 9, 2001

                                      -10-