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, 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 August 1, 2001 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 June30,
               2001 (unaudited) and December 31, 2000                       2

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

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







<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 six months  ended June 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

                                     ASSETS
<TABLE>
<CAPTION>

                                                                             June 30,               December 31,
                                                                               2001                     2000
                                                                           (unaudited)
Current Assets:
<S>                                                                       <C>                          <C>
    Cash                                                                  $      431                   $    2,537

    Due from stockholder                                                           -                          100
         Total Assets                                                     $      431                   $    2,637
                                                                             ===========                 =========

                     LIABILITIES AND STOCKHOLDERS' DEFICIENCY

Current Liabilities:
    Accounts Payable                                                      $   16,692                   $   15,829
    Accrued Expenses                                                           2,614                        2,600
    Due to shareholder                                                         5,191                            -
                                                                              ------                      --------
         Total Liabilities                                                    24,497                       18,429
                                                                              ------                      --------
Stockholders' Deficiency:
    Common stock - $.0001 par value-
      authorized 20,000,000 shares;
      754,500 and  604,500 shares
      outstanding at June 30, 2001
      and December 31, 2000                                                        75                          60
    Additional paid-in-capital                                                 11,375                      10,890
    Deficit accumulated during
      development stage                                                       (35,516)                    (26,742)
                                                                              --------                    --------
        Total Stockholders' Deficiency                                        (24,066)                    (15,792)
                                                                            ----------                     --------
         TOTAL LIABILITIES AND

           STOCKHOLDERS' EQUITY DEFICIENCY                                  $     431                 $     2,637
                                                                            ===========                 ===========
</TABLE>




                                       2
<PAGE>




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

                                   (unaudited)

<TABLE>
<CAPTION>
                                                                                              (Date of formation through
                                          Six Months Ended               Three Months Ended           June 30, 2001)
                                             June 30,                         June 30,

                                       2001             2000            2001          2000

Cost and Expenses:
   General and administrative
<S>                                   <C>          <C>             <C>           <C>                <C>
     expenses                         $   8,774    $    6,403      $   5,017     $    6,403         $     (34,516)
                                     ----------   -----------     ----------    -----------        --------------
   Net (loss)                         $  (8,774)   $   (6,403)     $  (5,017)    $   (6,403)        $      34,516
                                      ==========   ===========     ==========    ===========        =============

     basic and diluted                $   (0.01)   $    (0.01)     $   (0.01)    $    (0.01)
                                      ==========   ===========     ==========    ===========
     common shares outstanding-
     basic and diluted
                                        629,362       513,000        653,951        513,000

                                       ==========  ===========     ==========     ==========
</TABLE>











                                       3

<PAGE>



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

<TABLE>
<CAPTION>
                                                                                             Period
                                                                                          November 17, 1999
                                                       Six Months Ended                 (Date of Formation)
                                                           June 30,                       through June
                                            ------------------------------------
                                                 2001                   2000                 30, 2001
                                              ------------            ----------         --------------

Cash flows from operating
activities

<S>                                         <C>                   <C>                <C>
Net (loss)                                  $        (8,774)      $     (6,403)      $        (35,516)
Non cash activities
   Stock issued for services                            500                  -                    500
Changes in operating assets
    and liabilities
    Increase in accounts payable                        863              6,362                 16,692
    Increase (decrease) in
      accrued expenses                                   14                  -                  2,614
                                                     -------            -------                ------

Net cash (used in) operating
    activities                                       (7,397)               (41)               (15,710)

Cash flow from financing activities
    Proceeds from sale of
    common stock                                          -               3,100                10,950
    Officer loan                                      5,291                   -                 5,191
Net Cash Provided by
    Financing Activities                              5,291               3,100                16,141
                                                     -------             -------               ------
Net increase (decrease in Cash                       (2,106)              3,059                   431
    Cash - beginning of period                        2,537                   -                     -
    Cash - ending of period                       $     431           $   3,059      $            431
                                                  ==========          ==========       ==============
Supplementary Information
   Cash paid during the year for

   Interest                                       $       -           $       -      $              -
                                                  ==========          ==========       ==============
   Income taxes                                   $       -           $       -      $              -
                                                  ==========          ==========       ==============
</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 June 30, 2001,  and the  statements of operations
       and cash flows for the six months ended June 30, 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
       June 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-


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 six months ended June 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 June 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.

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.

Liquidity

   At June 30,  2001,  the  Company  had a working  capital  deficit of $24,066,
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
six months ended June 30, 2001.

Results of Operations

Six Months Ended June 30, 2001 compared to
  Six Months Ended June 30, 2000

   General and administrative  expenses increased from $6,403 for the six months
ended  June 30,  2000 to $8,774  for the six months  ended  June 30,  2001.  The
Company attributes this increase primarily to an increase in professional fees.


Three Months Ended June 30, 2001 compared to
  Three Months Ended June 30, 2000

   General  and  administrative  expenses  decreased  from  $6,403 for the three
months  ended June 30, 2000 to $5,017 for the three  months ended June 30, 2001.
The Company  attributes  this decrease  primarily to a decrease in  professional
fees.

                                       8

<PAGE>

PART II - OTHER INFORMATION

         ITEM 1.  LEGAL PROCEEDINGS

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

         ITEM 2.  CHANGES IN SECURITIES:  None

               (c)  Issuance of Unregistered 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 from 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:  August 13, 2001