During air plasma spraying, molten metal particles flying in the plasma jet are oxidized. As a result, a part of the metal melt is converted into oxide melt. After the particle impact and solidification, oxidation continues as a gas – solid reaction. The present paper deals with oxidation of two binary Ni-based alloys. One of them, Ni-20%Cr, is frequently used in thermal spray applications. Another one was a Ni-Fe alloy with an approximate proportion of both components 1:1. The feedstock powders were plasma sprayed by a water-stabilized gun WSP. PAL 160. To analyze the reaction products of the in-flight oxidation stage, the flying particles were trapped and quenched in liquid nitrogen. Oxides resulting from both oxidation stages were studied in the as-sprayed deposits after their cooling down to room temperature. The oxide amounts in the samples were determined indirectly by oxygen level measurement using "extractive fusion" (LECO-method). Structure of the oxides, separated by dissolution of the metallic phase, was investigated by X-ray diffraction. Iron-containing oxides were also characterized by Mössbauer spectroscopy. From the point of view of reaction kinetics, both alloys behaved in a similar way. The particles quenched in liquid nitrogen contained less than 2% of oxygen, whereas in the deposits these values were higher, up to 4.5 %. Two oxide phases were found in all plasma sprayed Ni-Cr samples: a rhombohedral phase similar to (Ni,Cr)2O3 and a tetragonally distorted spinel phase (Ni,Cr)3O4, both of them very rich in chromium. Another oxide, NiO, was present mainly in the deposits. In the oxidation products of Ni-Fe alloy, the dominant phase was similar to nonstoichiometric wüstite FeO. The results of thermodynamic calculations are in sound agreement with the experiments except for the presence of the tetragonal phase, the composition of which is near to Cr3O4, in oxidation products of Ni-Cr alloy.