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 March 31, 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 March 31, 2002 there were 754,500 shares of Common Stock, $.0001 par
value, outstanding.
<PAGE>

                            EAST COAST AIRLINES, INC.

                                      INDEX
<TABLE>
<CAPTION>

                                                                                Page
                                                                                ----
<S>               <C>                                                           <C>

Part I.  Financial Information                                                    1

  Item 1.         Financial Statements

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

                  Statements of Operations for the Three Months Ended March 31,
                  2002 and 2001 (unaudited) and the Period November 17, 1999
                  (Date of Formation) through March 31, 2002                      3

                  Statements of Cash Flows for the Three
                  Months Ended March 31, 2002 and 2001 (unaudited)
                  and the Period November 17, 1999 (Date of
                  Formation) through March 31, 2002                               4

                  Notes to Financial Statements (unaudited)                     5 - 7

  Item 2.         Management's Discussion and Analysis
                  or Plan of Operations                                         8 - 10

Part II. Other Information

  Item 1.         Legal Proceedings                                               11
  Item 2.         Changes in Securities                                           11
  Item 3.         Defaults upon Senior Securities                                 11
  Item 4.         Submission of Matters to a Vote of Security Holders             11
  Item 5.         Other Information                                               11
  Item 6.         Exhibits and Reports on Form 8-K                                11

Signatures                                                                        12
</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 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 three months ended March 31,
         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
                                     ------

<TABLE>
<CAPTION>


                                                                     March 31,      December 31,
                                                             --------------------  -------------
                                                                       2002              2001
                                                             --------------------  -------------
                                                                   (Unaudited)
<S>                                                              <C>                <C>
Current Assets:
    Cash                                                         $       154        $       554

         Total Assets                                            $       154        $       554
                                                                 ================  =============

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

Current Liabilities:
    Accounts payable                                             $    37,386        $    36,308
    Accrued expenses                                                   4,500              3,600
    Due to shareholder                                                 6,891              6,891
                                                              -------------------  -------------
         Total Liabilities                                            48,777             46,799
                                                              -------------------  -------------

Stockholders' Deficiency:
    Common stock - $.0001 par value-
      authorized 20,000,000 shares;
      754,500 shares outstanding at
      March 31, 2002 and December 31, 2001                                75                 75
    Additional paid-in-capital                                        11,375             11,375
    Deficit accumulated during
      development stage                                              (60,073)           (57,695)
                                                              ------------------   -------------
         Total Stockholders' Deficiency                              (48,623)           (46,245)
                                                              ------------------   -------------

         TOTAL LIABILITIES AND
           STOCKHOLDERS'  DEFICIENCY                             $       154         $     554
                                                              ==================   =============
</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
                                                                    Three Months Ended March 31,       (Date of Formation) through
                                                                     2002                 2001              March 31, 2002
                                                                -----------------------------------    ---------------------------

<S>                                                             <C>                 <C>                  <C>
Cost and Expenses:
    General and administrative
      expenses                                                  $       1,613        $       3,757       $             59,308
    Interest expense                                                      765                   --                        765
                                                               --------------       --------------      ---------------------
                                                                           --                   --                         --

    Net loss                                                    $       2,378        $       3,757       $             60,073
                                                               ==============       ==============      =====================

    Loss per common share-
      basic and diluted                                         $         --         $        0.01
                                                               ==============       ==============
    Weighted average number of
      common shares outstanding-
      basic and diluted                                              754,500              604,500
                                                               ==============       ==============

</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)
                                                      Three Months Ended March 31,          through March
                                                       2002                 2001              31, 2002
                                                 ----------------   --------------------  --------------------

<S>                                               <C>               <C>                    <C>
Cash flows from operating activities:

Net loss                                          $       (2,378)   $            (3,757)   $      (60,073)
Changes in operating assets
      and liabilities
                                                              --                     --                --
    Non cash activities:
      Stock issued for services
                                                              --                                      500
    Increase in accounts payable
                                                           1,078                  2,479            37,386
    Increase (decrease) in
      accrued expenses                                       900                   (986)            4,500
                                                 ---------------    -------------------   ---------------

    Net cash Used in operating
      activities                                            (400)                (2,264)          (17,687)
                                                 ---------------    -------------------   ---------------

Cash flow from financing activities:
    Proceeds from sale of
      common stock                                            --                     --            10,950
    Proceeds from officer loan                                --                     --             6,991
    Payment to officer                                        --                     --              (100)
                                                 ---------------    -------------------   ----------------
    Net Cash Provided by
      Financing Activites                                     --                     --            17,841
                                                 ---------------    -------------------   ---------------

    Net increase (decrease) in Cash
                                                            (400)                (2,264)              154
    Cash - beginning of period                               554                  2,537                --
                                                 ---------------    -------------------   ---------------
    Cash - ending of period                      $           154    $               273   $           154
                                                 ===============    ===================   ===============

Supplementary Information:
    Cash paid during the year for:

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

    Income taxes                                 $           100    $               100   $            --
                                                 ===============    ===================   ===============

</TABLE>



                       See notes to financial statements.

                                       -4-

<PAGE>


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

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

1.  ORGANIZATION

        The balance sheet as of March 31, 2002, and the statements of operations
       and cash flows for the three months ended March 31, 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
       March 31, 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
       per common share are computed using the weighted average number of common
       shares and potential common shares outstanding during the period. For the
       three months ended March 31, 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 March 31, 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; goodwill and intangible assets with indefinite
       lives are not amortized but are tested for impairment annually, except in
       certain circumstances, and whenever there is an impairment indicator; all
       acquired goodwill must be assigned to reporting units for purposes of
       impairment testing and segment reporting; effective January 1, 2002,
       goodwill will no longer be subject to amortization. The Company believes
       the adoption of SFAS No. 141 will not have a material impact on the
       Company's results of operations or financial position.

         On June 29, 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 has not yet determined the impact that
       this statement will have on its 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 Company believes the adoption of SFAS No.
       144 will not have a material impact on the Company's results of
       operations or financial position.



                                       -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.

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.

                                       -8-
<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 March 31, 2002, the Company had a working capital deficit of $48,623. 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.

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 severally reduce expense to remain viable and the
Company cannot assure that it will be able to do so.


                                       -9-

<PAGE>

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

Three Months Ended March 31, 2002 compared to
---------------------------------------------
  Three Months Ended March 31, 2001
  ---------------------------------

   General and administrative expenses decreased from $3,757 for the three
months ended March 31, 2001 to $1,613 for the three months ended March 31, 2002.
The Company attributes this decrease primarily to an decrease in professional
fees.







                                      -10-

<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.

                                      -11-
<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:  May 15, 2002


                                      -12-