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<P ALIGN="CENTER"><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"><!-- saved from url=(0023)file://G:\k8k112502.htm --><B>SECURITIES AND EXCHANGE COMMISSION</P>
<P ALIGN="CENTER">Washington, D.C. 20549</P>
</B><P>&nbsp;</P>
<B><P ALIGN="CENTER">FORM 8-K</P>
<P ALIGN="CENTER">CURRENT REPORT</P>
</B><P>&nbsp;</P>
<B><P ALIGN="CENTER">Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934</P>
</B><P>&nbsp;</P>
<P>&nbsp;</P>
<P>Date of Report (Date of earliest event reported) November 4, 2003 </P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<B><U><P ALIGN="CENTER">VANGUARD AIRLINES, INC.</U> </P>
</B><P ALIGN="CENTER">(Exact name of registrant as specified in its charter)</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>Delaware&#9;&#9;&#9;0-27034 &#9;&#9;&#9;48-1149290</P>
<P>&nbsp;</P>
<P>(State of incorporation) (Commission File Number)&#9;(I.R.S. Employer Identification No.)</P>
<P>&nbsp;&nbsp;</P>
<P ALIGN="CENTER">7667 NW Prairie View Road, Suite 205, Kansas City, MO 64153</P>
<P ALIGN="CENTER">(Address of principal executive offices including zip code)</P>
<P>&nbsp;&nbsp;</P>
<P ALIGN="CENTER">Registrant's telephone number, including area code (775) 363-1450</P>
<P ALIGN="CENTER">&nbsp;</P>
<B><P>&nbsp;</P>
<P>&nbsp;</P>
<P>Item 5. Other Events.</P>
</B><P>By this Form 8-K, Registrant files its First Amended Disclosure Statement in Support of Debtor's First Amended Liquidating Plan of Reorganization as filed with the United States Bankruptcy Court on November 4, 2003. Consistent with previously reported information, the Company's Liquidating Plan of Reorganization states that there will be no distribution to holders of Common Stock in the bankruptcy case.</P>
<P>A hearing to consider confirmation of the Plan shall be held at 9:00 a.m. on December 10, 2003, in Courtroom 6A, Charles Evans Whittaker Courthouse, 400 East Ninth Street, Kansas City, Missouri.</P>
<P>&nbsp;</P>
<P>Questions regarding these documents should be directed to Mr. David D. Ferguson, Polsinelli Shalton &amp; Welte, P.C., 700 West 47th Street, Suite 1000, Kansas City, Missouri 64112; phone: (816) 753-1000.</P>
<P>&nbsp;</P>
<P>(a) <U>Exhibits</U>. The following Exhibits are filed with this report:</P>
<P>&nbsp;</P>
<U><P>Exhibit No.</U> &#9;<U>Description</P>
</U><P>99.1 &#9;&#9;First Amended Disclosure Statement in Support of Debtor's First Amended</P><DIR>
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<P>Liquidating Plan of Reorganization </P><DIR>
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<P>99.2&#9;Debtor's First Amended Liquidating Plan of Reorganization (Exhibit 1 to the First Amended Disclosure Statement in Support of Debtor's First Amended Liquidating Plan of Reorganization)</P></DIR>
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<P>99.3&#9;&#9;Exhibit 2 to the First Amended Disclosure Statement in Support of Debtor's </P><DIR>
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<P>First Amended Liquidating Plan of Reorganization</P></DIR>
</DIR>

<B><P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">SIGNATURES</P>
</B><P>Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
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<P>VANGUARD AIRLINES, INC.</P></DIR>
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<P>&#9;&#9;&#9;&#9;&#9;&#9;<U>/s/ David A. Rescino</U>______<U>&#9;</P><DIR>
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</U><P>By: David A. Rescino</P>
<P>President and Chief Financial Officer</P></DIR>
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<P>Date: December 3, 2003</P></BODY>
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SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 4, 2003
VANGUARD AIRLINES, INC.
(Exact name of registrant as specified in its charter)
Delaware			0-27034 			48-1149290
(State of incorporation) (Commission File Number)	(I.R.S. Employer Identification No.)
7667 NW Prairie View Road, Suite 205, Kansas City, MO 64153
(Address of principal executive offices including zip code)
Registrant's telephone number, including area code (775) 363-1450
Item 5. Other Events.
By this Form 8-K, Registrant files its First Amended Disclosure Statement in Support of Debtor's First Amended Liquidating Plan of Reorganization as filed with the United States Bankruptcy Court on November 4, 2003. Consistent with previously reported information, the Company's Liquidating Plan of Reorganization states that there will be no distribution to holders of Common Stock in the bankruptcy case.
A hearing to consider confirmation of the Plan shall be held at 9:00 a.m. on December 10, 2003, in Courtroom 6A, Charles Evans Whittaker Courthouse, 400 East Ninth Street, Kansas City, Missouri.
Questions regarding these documents should be directed to Mr. David D. Ferguson, Polsinelli Shalton & Welte, P.C., 700 West 47th Street, Suite 1000, Kansas City, Missouri 64112; phone: (816) 753-1000.
(a)
Exhibits
. The following Exhibits are filed with this report:
Exhibit No.
Description
99.1 		First Amended Disclosure Statement in Support of Debtor's First Amended
Liquidating Plan of Reorganization
99.2	Debtor's First Amended Liquidating Plan of Reorganization (Exhibit 1 to the First Amended Disclosure Statement in Support of Debtor's First Amended Liquidating Plan of Reorganization)
99.3		Exhibit 2 to the First Amended Disclosure Statement in Support of Debtor's
First Amended Liquidating Plan of Reorganization
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
VANGUARD AIRLINES, INC.
/s/ David A. Rescino
______
By: David A. Rescino
President and Chief Financial Officer
Date: December 3, 2003