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 June 30, 2002

                                       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 August 1, 2002 there were 754,500 shares of Common Stock, $.0001 par
value, outstanding.

<PAGE>


                            EAST COAST AIRLINES, INC.

                                      INDEX
                                      -----

                                                                          Page
                                                                          ----

Part I.  Financial Information                                              1

  Item 1.         Financial Statements

                  Balance Sheets as of June 30,
                   2002 (unaudited) and December 31, 2001                   2

                  Statements of Operations for the
                   Six and Three Months Ended June 30,
                   2002 and 2001 (unaudited) and
                   the Period November 17, 1999 (Date of
                   Formation) through June 30, 2002                         3

                  Statements of Cash Flows for the Six
                   Months Ended June 30, 2002 and 2001 (unaudited)
                   and the Period November 17, 1999 (Date of
                   Formation) through June 30, 2002                         4

                  Notes to Financial Statements (unaudited)               5 - 7

  Item 2.         Management's Discussion and Analysis
                   or Plan of Operations                                  8 - 11

Part II. Other Information

  Item 1.         Legal Proceedings                                        12
  Item 2.         Changes in Securities                                    12
  Item 3.         Defaults upon Senior Securities                          12
  Item 4.         Submission of Matters to a Vote of Security Holders      12
  Item 5.         Other Information                                        12
  Item 6.         Exhibits and Reports on Form 8-K                         12

Signatures                                                                 13






<PAGE>



PART I.  FINANCIAL INFORMATION

         Item 1.  Financial Statements

                  Certain information and footnote disclosures required under
         generally accepted accounting principles in the United States of
         America 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 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, 2001.

                  The results of operations for the six months ended June 30,
         2002, 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

                             ASSETS
                             ------

                                                        June 30,   December 31,
                                                       ----------- ------------
                                                          2002         2001
                                                       ----------- ------------
                                                       (Unaudited)

Current Assets:
    Cash                                                $    251    $    554
                                                        --------    --------
         Total Assets                                   $    251    $    554
                                                        ========    ========

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

Current Liabilities:
    Accounts payable                                    $ 42,102    $ 36,308
    Accrued expenses                                       3,500       3,600
    Due to shareholder                                     9,527       6,891
                                                        --------    --------
         Total Current Liabilities                        55,129      46,799
                                                        --------    --------

Stockholders' Deficiency:
    Common stock - $.0001 par value-
      authorized 20,000,000 shares;
      754,500 shares outstanding at
      June 30, 2002 and December 31, 2001
                                                              75          75
    Additional paid-in-capital                            11,375      11,375
    Deficit accumulated during
      development stage                                  (66,328)    (57,695)
                                                        --------    --------
         Total Stockholders' Deficiency                  (54,878)    (46,245)
                                                        --------    --------
         TOTAL LIABILITIES AND
           STOCKHOLDERS'  DEFICIENCY                    $    251    $    554
                                                        ========    ========

                       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
                                           Six Months Ended June 30,    Three Months Ended June 30,    (Date of Formation) through
                                              2002             2001        2002            2001                June 30, 2002
                                           -------------------------    ---------------------------    ---------------------------
<S>                                        <C>              <C>         <C>              <C>                     <C>

Cost and Expenses:
    General and administrative
      expenses                             $   6,026        $      --   $   4,413        $   5,017               $  63,721
    Interest expense                           2,607            8,774       1,842               --                   2,607
                                           ---------        ---------   ---------        ---------               ---------

    Net loss                               $  (8,633)       $  (8,774)  $  (6,255)       $  (5,017)              $ (66,328)
                                           =========        =========   =========        =========               =========

    Loss per common share-
      basic and diluted                    $   (0.01)       $   (0.01)  $   (0.01)       $   (0.01)
                                           =========        =========   =========        =========

    Weighted average number of
      common shares outstanding-
      basic and diluted                      754,500          629,362     754,500          653,951
                                           =========        =========   =========        =========

</TABLE>


                       See notes to financial statements.

                                      -3-

<PAGE>


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

<TABLE>
<CAPTION>


                                                                                              Period
                                                                                        November 17, 1999
                                                                                       (Date of Formation)
                                                   Six Months Ended June 30,             through June 30,
                                                   2002                 2001                  2002
                                                ---------             ---------        -------------------
<S>                                             <C>                   <C>                   <C>

Cash flows from operating
    activities:

Net loss                                        $ (8,633)             $ (8,774)             $(66,328)
Changes in operating assets
      and liabilities                                 --                   500                    --
    Non cash activities:
      Stock issued for services                       --                                         500
    Increase in accounts payable                   5,794                   863                42,102
    Increase (decrease) in
      accrued expenses                              (100)                   14                 3,500
                                                --------              --------              --------
    Net cash Used in operating
      activities                                  (2,939)               (7,397)              (20,226)
                                                --------              --------              --------

Cash flow from financing activities:
    Proceeds from sale of
      common stock                                    --                    --                10,950
    Proceeds from officer loan                     2,636                 5,291                 9,627
    Payment to officer                                --                    --                  (100)
                                                --------              --------              --------
    Net Cash Provided by
      Financing Activites                          2,636                 5,291                20,477
                                                --------              --------              --------

    Net increase (decrease) in Cash                 (303)               (2,106)                  251
    Cash - beginning of period                       554                 2,537                    --
                                                --------              --------              --------
    Cash - ending of period                     $    251              $    431              $    251
                                                ========              ========              ========

Supplementary Information:
    Cash paid during the year for:
    Interest                                    $     --              $     --              $     --
                                                ========              ========              ========

    Income taxes                                $     --              $     --              $     --
                                                ========              ========              ========

</TABLE>

                       See notes to financial statements.

                                      -4-

<PAGE>

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



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

1.  ORGANIZATION

    The balance sheet as of June 30, 2002, and the statements of operations and
    cash flows for the six months ended June 30, 2002 have been prepared by East
    Coast Airlines, Inc. 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,
    2001 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 June 30, 2002, 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 (loss) per
    common share are computed using the weighted average number of common shares
    and potential common shares outstanding during the period. For the six
    months ended June 30, 2002, 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 June 30, 2002, 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") confirmed in sections 3(b) and 4 (2) of the Securities
    Act of 1933 and Rule 504 of Regulation D promulgated there under for small
    offerings.

5.  NEW FINANCIAL ACCOUNTING STANDARDS

    On June 29, 2001, the Financial Accounting Standards Board (FASB) issued
    SFAS No. 141, "Business Combinations", and SFAS No. 142, "Goodwill and
    Intangible Assets". Major provisions of these Statements are as follows: all
    business combinations initiated after June 30, 2001 must use the purchase
    method of accounting; the pooling of interest method of accounting is
    prohibited. SFAS No. 142 eliminated the amortization of goodwill and other
    intangibles and requires an impairment test of their carrying value. An
    impairment test of goodwill and other intangibles must be completed in the
    year of adoption with at least an annual impairment test thereafter. On
    January 1, 2002 the Company adopted SFAS No. 142. The historical results of
    periods prior to 2002 in the Company's Statement of Operations do not
    reflect the effect of SFAS No. 142, however the six months and three months
    ended June 30, 2001 included no amortization expense.

    In June 2001, the FASB issued SFAS No. 143 "Accounting for Asset Retirement
    Obligations". SFAS No. 143 addresses financial accounting and reporting for
    obligations and costs associated with the retirement of tangible long-lived
    assets. The Company is required to implement SFAS No.143 on January 1, 2003,
    and management does not expect its adoption to have a material impact on the
    Company's results of operations or financial position.

                                       -6-

<PAGE>

    In August 2001, the FASB issued SFAS No. 144, "Accounting for the Impairment
    or Disposal of Long-Lived Assets", effective for fiscal years beginning
    after December 15, 2001. Under SFAS No. 144 assets held for sale will be
    included in discontinued operations if the operations and cash flows will be
    or have been eliminated from the ongoing operations of the entity and the
    entity will not have any significant continuing involvement in the
    operations of the component. The Company adopted SFAS No. 144 on January 1,
    2002. The adoption of SFAS No. 144 did not have a material impact on the
    Company's results of operations or financial position.

    In April 2002, the FASB issued SFAS No. 145 "Rescission of FASB Statements
    No. 4, 44, and 64, Amendment of FASB Statement No. 13, and Technical
    Corrections". This statement eliminates the automatic classification of gain
    or loss on extinguishment of debt as an extraordinary item of income and
    requires that such gain or loss be evaluated for extraordinary
    classification under the criteria of Accounting Principles Board No. 30
    "Reporting Results of Operations". This statement also requires sales
    leaseback accounting for certain lease modifications that have economic
    effects that are similar to sales-leaseback transactions, and makes various
    other technical corrections to existing pronouncements. This statement will
    be effective for the Company for the year ending December 31, 2003. The
    adoption of this statement will not have a material effect on the Company's
    results of operations or financial position.

    In July 2002, the Financial Accounting Standards Board issued SFAS No. 146,
    "Accounting for Costs Associated with Exit or Disposal Activities." SFAS No.
    146 will supersede Emerging Issues Task Force Issue No. 94-3, "Liability
    Recognition for Certain Employee Termination Benefits and Other Costs to
    Exit an Activity (including Certain Costs Incurred in a Restructuring)."
    SFAS No. 146 requires that costs associated with an exit or disposal plan be
    recognized when incurred rather than at the date of a commitment to an exit
    or disposal plan. SFAS No. 146 is to be applied prospectively to exit or
    disposal activities initiated after December 31, 2002.







                                       -7-

<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.

Critical Accounting Policies
----------------------------

The Company's discussion and analysis of its financial condition and results of
operations are based upon the Company's financial statements, which have been
prepared in accordance with accounting principles generally accepted in the
United States of America. The preparation of these financial statements requires
the Company to make estimates and judgements that affect the reported amount of
asset, liabilities and expenses, and related disclosure of contingent assets and
liabilities. The Company bases its estimates on historical experience and on
other various assumptions that are believed to be reasonable under the
circumstances, the results of which form the basis form making judgements about
carrying values of assets and liabilities that are not readily apparent from
other sources. Actual results may differ from these estimates under different
assumptions or conditions.

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.


                                       -8-


<PAGE>

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.

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 June 30, 2002, the Company had a working capital deficit of $ 55,129. The
Company continues to operate at a loss, as the Company currently has no source
of revenue, working capital deficit will continue to increase as additional
operating expenses are incurred. Presently the Company has no external sources
of cash and is dependent upon loans from management and stockholders and future
placement of equity or debt to meet development stage operating needs.







                                       -9-

<PAGE>


The Company's ability to continue as a going concern is dependent upon the
Company's ability to obtain funds to meet obligations on a timely basis, to
identify and close an acquisition with a suitable target company, obtain
additional financing or refinancing as may be required, and ultimately to attain
profitability. There are no assurances that the Company will be able to identify
a suitable acquisition target and close such acquisition, obtain any additional
financing or if the Company is able to obtain additional financing, that such
financing will be on favorable terms. The inability to obtain additional
financing when needed would have a material adverse effect on operating results.

The Independent Auditors' Report and Note 1 of the Notes to Financial Statements
for the year ended December 31, 2001 dated February 8, 2002 stated that
substantial doubt has been raised about the Company's ability to continue as a
going concern. Present business operations do not generate any revenues with
which to cover expenses. The Company will have to acquire or merge with other
business operations or severely reduce expense to remain viable and the Company
cannot assure that it will be able to do so.

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

Six Months Ended June 30, 2002 compared to
------------------------------------------
  Six Months Ended June 30, 2001
  ------------------------------

General and administrative expenses decreased from $8,744 for the six months
ended June 30, 2001 to $ 6,026 for the six months ended June 30, 2002. The
Company attributes this decrease primarily to an increase in professional fees.

Interest expenses increased from $-0- for the six months ended June 30, 2001 to
$2,607 for the six months ended June30, 2002. The Company attributes the
increase primarily to interest due on loan balances.

Three Months Ended June 30, 2002 compared to
--------------------------------------------
  Three Months Ended June 30, 2001
  --------------------------------

General and administrative expenses decreased from $5,017 for the three months
ended June 30, 2001 to $ 4,413 for the three months ended June 30, 2002. The
Company attributes this decrease primarily to a decrease in professional fees.

Interest expense increased from $-0- for the three months ended June 30, 2002 to
$1,842 for the three months ended June 30, 2002. The Company attributes this
increase primarily to interest due on loan balances.

                                      -10-

<PAGE>


The Company's ability to continue as a going concern is dependent upon its
ability to obtain funds to meet its obligations on a timely basis, to identity
and close an acquisition with a suitable target company, obtain additional
financing or refinancing as may be required, and ultimately to attain
profitability. There are no assurances that the Company will be able to identify
a suitable acquisition target and close such acquisition, obtain and additional
financing or, if the Company is able to obtain additionally financing, that such
financing will be on terms favorable to the Company. The inability to obtain
additional financing when needed would have a material adverse effect on the
Company's operating results.

The Independent Auditors Report and Note 1 of the Financial Statements for the
year ended December 31, 2001 state that substantial doubt has been raised about
the Company's ability to continue as a going concern. The Company's present
business operations do not generate any revenues with which to cover the
Company's expenses. The Company will have to acquire or merge with other
business operations or severely reduce its expenses to remain viable and the
Company cannot assure you that it will be able to do so.















                                      -11-

<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

                 Not applicable.

        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.







                                      -12-

<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:  August 12, 2002












                                      -13-