-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Tj5SH9ikjHgWvjqkG8+n1YeOAJXvkNrG9uLyYTaQ0d+4YSrGu1M7GozLUggyebb2
 uEDjbc7vzeSdyzKN2yIrUg==

<SEC-DOCUMENT>0001179110-08-007614.txt : 20080410
<SEC-HEADER>0001179110-08-007614.hdr.sgml : 20080410
<ACCEPTANCE-DATETIME>20080410171045
ACCESSION NUMBER:		0001179110-08-007614
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080331
FILED AS OF DATE:		20080410
DATE AS OF CHANGE:		20080410

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AIRNET SYSTEMS INC
		CENTRAL INDEX KEY:			0001011696
		STANDARD INDUSTRIAL CLASSIFICATION:	AIR TRANSPORTATION, SCHEDULED [4512]
		IRS NUMBER:				311458309
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		3939 INTERNATIONAL GATEWAY
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43219
		BUSINESS PHONE:		6142379777

	MAIL ADDRESS:	
		STREET 1:		3939 INTERNATIONAL GATEWAY
		STREET 2:		3939 INTERNATIONAL GATEWAY
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43219

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Bayside AirNet Holdings, Inc.
		CENTRAL INDEX KEY:			0001432075

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13025
		FILM NUMBER:		08750613

	BUSINESS ADDRESS:	
		STREET 1:		C/O H.I.G. BAYSIDE CAPITAL
		STREET 2:		1001 BRICKELL BAY DRIVE, 26TH FLOOR
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33131
		BUSINESS PHONE:		305-379-8686

	MAIL ADDRESS:	
		STREET 1:		C/O H.I.G. BAYSIDE CAPITAL
		STREET 2:		1001 BRICKELL BAY DRIVE, 26TH FLOOR
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33131

	FORMER NAME:	
		FORMER CONFORMED NAME:	Bayside GP II Inc.
		DATE OF NAME CHANGE:	20080410

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			AirNet Holdings Inc
		CENTRAL INDEX KEY:			0001432077

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13025
		FILM NUMBER:		08750614

	BUSINESS ADDRESS:	
		STREET 1:		C/O H.I.G. BAYSIDE CAPITAL
		STREET 2:		1001 BRICKELL BAY DRIVE, 26TH FLOOR
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33131
		BUSINESS PHONE:		305-379-8686

	MAIL ADDRESS:	
		STREET 1:		C/O H.I.G. BAYSIDE CAPITAL
		STREET 2:		1001 BRICKELL BAY DRIVE, 26TH FLOOR
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33131

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			AirNet Acquisition LLC
		CENTRAL INDEX KEY:			0001432076

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13025
		FILM NUMBER:		08750615

	BUSINESS ADDRESS:	
		STREET 1:		C/O H.I.G. BAYSIDE CAPITAL
		STREET 2:		1001 BRICKELL BAY DRIVE, 26TH FLOOR
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33131
		BUSINESS PHONE:		305-379-8686

	MAIL ADDRESS:	
		STREET 1:		C/O H.I.G. BAYSIDE CAPITAL
		STREET 2:		1001 BRICKELL BAY DRIVE, 26TH FLOOR
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33131
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 3 -
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2008-03-31</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001011696</issuerCik>
        <issuerName>AIRNET SYSTEMS INC</issuerName>
        <issuerTradingSymbol>ANS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001432077</rptOwnerCik>
            <rptOwnerName>AirNet Holdings Inc</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1001 BRICKELL BAY DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>MIAMI</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33131</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001432075</rptOwnerCik>
            <rptOwnerName>Bayside AirNet Holdings, Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1001 BRICKELL BAY DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>MIAMI</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33131</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001432076</rptOwnerCik>
            <rptOwnerName>AirNet Acquisition LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1001 BRICKELL BAY DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>MIAMI</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33131</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1934137</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes></footnotes>

    <remarks>This statement is being filed by AirNet Holdings, Inc. (&quot;AirNet Holdings&quot;), a Delaware corporation, AirNet Acquisition, LLC (&quot;AirNet Acquisition&quot;), a Delaware limited liability company, and Bayside AirNet Holdings, Inc. (&quot;Bayside AirNet Holdings&quot;), a Delaware corporation.  AirNet Holdings is a subsidiary of AirNet Acquisition.  Bayside AirNet Holdings owns all of the voting equity of AirNet Acquisition and, therefore, Bayside AirNet Holdings may be deemed to have sole voting and investment power with respect to securities held by AirNet Acquisition, which has sole voting and investment power with respect to securities held by AirNet Holdings.  The principal business address of the AirNet Holdings, AirNet Acquisition, and Bayside AirNet Holdings is 1001 Brickell Bay Drive, Miami, Florida 33131</remarks>

    <ownerSignature>
        <signatureName>/s/ John Caple</signatureName>
        <signatureDate>2008-04-10</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ John Caple</signatureName>
        <signatureDate>2008-04-10</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ John Caple</signatureName>
        <signatureDate>2008-04-10</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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