FORM 10-QSB

                       SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C.

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

            For the quarterly period ended March 31, 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 TOWNER 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 May 1, 2001  there  were  604,500  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 March 31,
                   2001 (unaudited) and December 31, 2000                                 2

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

                  Statements  of Cash Flows for the Three Months Ended March 31,
                   2001 (unaudited) and the Period June 28, 1996 (Date of
                   Formation) through March 31, 2001                                      4

                  Notes to 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 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 three months ended March 31,
         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

                               ASSETS
<TABLE>
<CAPTION>
                                                                                March 31,               December 31,
                                                                                   2001                     2000

                            Current Assets:


<S>                                                                              <C>                       <C>
    Cash                                                                         $   273                   $  2,537
    Miscellaneous receivable                                                         100                        100

             Total Assets                                                        $   373                   $  2,637
                                                                               ===========                =========

                          LIABILITIES AND STOCKHOLDERS' DEFICIENCY

                        Current Liabilities:
    Accounts Payable                                                             $ 18,308                  $ 15,829
    Accrued Expenses                                                                1,614                     2,600

         Total Liabilities                                                         19,922                    18,429
                                                                            --------------              ------------
                      Stockholders' Deficiency:


    Common stock - $.0001 par value-
      authorized 20,000,000 shares;
      604,500 shares
      outstanding at March 31, 2001
      and December 31, 2000                                                            60                        60
    Additional paid-in-capital                                                     10,890                    10,890
    Deficit accumulated during
      development stage                                                           (30,499)                  (26,742)
                                                                                  -----------             ----------
         Total Stockholders' Deficiency                                           (19,549)                  (15,792)

         TOTAL LIABILITIES AND
           STOCKHOLDERS' EQUITY DEFICIENCY                                       $    373               $     2,637
                                                                                  ===========              =========
</TABLE>


                                      - 2 -


<PAGE>




                            EAST COAST AIRLINES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF OPERATIONS
<TABLE>
<CAPTION>
                                                                               Period
                                                                          November 17, 1999
                                        Three Months Ended               (Date of formation through
                                           March 31, 2001                     March 31, 2001)

Cost and Expenses:
    General and administrative
<S>                                         <C>                                <C>
      expenses                              $       3,757                      $      30,499
                                            --------------                    -------------
    Net (loss)                              $      (3,757)                     $     (30,499)
                                           ===============                    ==============

    (Loss) per Common Share-
      basic and diluted                      $      (0.01)
                                           ==============
    Weighted average number of
      common shares outstanding-
      basic and diluted                           604,500
</TABLE>


                                      - 3 -


<PAGE>


                            EAST COAST AIRLINES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                             STATEMENT OF CASH FLOWS
<TABLE>
<CAPTION>
                                                                                           Period
                                                                                      November 17, 1999
                                                        Three Months Ended            (Date of Formation)
                                                            March 31,                    through March
                                                               2001                         31, 2001

Cash flows from operating
    activities:

<S>                                                     <C>                            <C>
Net (loss)                                              $      (3,757)                 $     (30,499)
Changes in operating assets
      and liabilities                                               -                              -
    Increase in accounts payable                                2,479                         18,308
    Increase (decrease) in
      accrued expenses                                           (986)                         1,614
    Net cash (used in) operating
      activities                                               (2,264)                       (10,577)

Cash flow from financing activities:
    Proceeds from sale of
      common stock                                                  -                         10,950
    Miscellaneous receivable                                        -                           (100)
                                                             ---------                       --------
    Net Cash Provided by
      Financing Activites                                           -                          10,850

    Net increase (decrease) in Cash                            (2,264)                            273

    Cash - beginning of period                                  2,537                              -
                                                               -------                       ---------
    Cash - ending of period                              $        273                   $        273
                                                              =========                      ==========
Supplementary Information:
    Cash paid during the year for:
    Interest                                              $         -                    $         -
                                                              =========                      ==========
    Income taxes                                          $       100                    $       900
                                                              ==========                    ============
</TABLE>


                                      - 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, 2001, and the statements of operations
       and cash  flows  for the three  months  ended  March  31,  2001 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, 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
       March 31, 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-


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 three months ended March 31, 2001,  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,  2001,  604,500  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.

       Such shares were issued without  registration in reliance on an exemption
       in federal securities laws that permit issuance of stock up to $1 million
       without registration of the securities.

5.     RELATED PARTY TRANSACTIONS

       The officer of the Company borrowed $100 in September 2000.  The
       receivable at March 31, 2001 and December 31, 2000 is $100.

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

6.     PRIOR FINANCIAL STATEMENT

       Although the Company  incorporated  November 17, 1999, no  capitalization
       took place until the year 2000 and there was no  activity  for the period
       November 17, 1999 (Date of Formation) through March 31, 2000.








                                       -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 March 31,  2001,  the  Company had a working  capital  deficit of $19,549,
compared to a working  capital  deficit of $15,692 at  December  31,  2000.  The
decrease in working  capital is the result of the net loss  incurred  during the
three months ended March 31, 2001.

Results of Operations

Three Months Ended March 31, 2001 compared to
  Three Months Ended March 31, 2000

   General and administrative  expenses increased from $-0- for the three months
ended March 31, 2000 to $3,257 for the three months  ended March 31,  2001.  The
Company attributes this increase primarily to an increase in professional fees.




                                      - 8 -


<PAGE>



PART II - OTHER INFORMATION

         ITEM 1.  LEGAL PROCEEDINGS

                  The Company is not a party to any legal proceeding.

         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:

                    3.1 Certificate of Incorporation*
                    3.2  Bylaws*
                    16.0 Letter re Change in Certifying Accountant*

         (b) The Company did not file any current reports on Form 8-K during the
quarter ended March 31, 2001.



----------------
*        These exhibits are incorporated by reference from the exhibits
          previously filed on June 13, 2000 with the Securities and
          Exchange Commission in its Form 10-SB.


                                       -9-



<PAGE>




                                   SIGNATURES

In accordance with the requirements of the Securities  Exchange Act of 1934, 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 21, 2001





















                                      -10-