-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 VjTSFGYcptjnmLZzxTNi4n6uOVx0lLUieyGPZdK/wNSfiUPf8vwPrEoJcwBY8gMT
 J0notgzE8ClPFO2B/Cs8/Q==

<SEC-DOCUMENT>0001209191-05-039368.txt : 20050729
<SEC-HEADER>0001209191-05-039368.hdr.sgml : 20050729
<ACCEPTANCE-DATETIME>20050729154841
ACCESSION NUMBER:		0001209191-05-039368
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050720
FILED AS OF DATE:		20050729
DATE AS OF CHANGE:		20050729

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:			HELLERMAN GERALD
		CENTRAL INDEX KEY:			0001222911

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13025
		FILM NUMBER:		05984810

	BUSINESS ADDRESS:	
		STREET 1:		C/O MEVC DRAPER FISHER SURVETSAN
		STREET 2:		3000 SAND HILL ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
		BUSINESS PHONE:		6509267000

	MAIL ADDRESS:	
		STREET 1:		3000 SAND HILL ROAD BLDG 1 STE 155
		CITY:			MELO PARK
		STATE:			CA
		ZIP:			94025
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bco15306_bco1gh.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-07-20</periodOfReport>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001222911</rptOwnerCik>
            <rptOwnerName>HELLERMAN GERALD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>7250 STAR CHECK DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>COLUMBUS</rptOwnerCity>
            <rptOwnerState>OH</rptOwnerState>
            <rptOwnerZipCode>43217</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Options (Right to buy)</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>4.26</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2005-07-20</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>20000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2005-07-20</value>
            </exerciseDate>
            <expirationDate>
                <value>2015-07-20</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Shares</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>20000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>20000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Options vest 20% annually beginning on date of grant</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Gerald Hellerman</signatureName>
        <signatureDate>2005-07-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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