SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON, D.C.  20549

                                  FORM 10-QSB

                  QUARTERLY REPORT UNDER SECTION 13 OR 15(D)
                    OF THE SECURITIES EXCHANGE ACT OF 1934


For The Quarter Ended September 20, 2003       Commission File Number 0-25025


                         GREENS WORLDWIDE INCORPORATED
            (Exact name of registrant as specified in its charter)


             ARIZONA                                  86-0718104
             -------                                  ----------
 (State or other jurisdiction of          (IRS Employer Identification Number)
  incorporation or organization)

          2111 E. Highland Avenue, Suite 210, Phoenix, Arizona 85016
          ----------------------------------------------------------
                   (Address of principal executive offices)

        Registrant's telephone number, including area code 602-957-2777
                                                           ------------
                 _____________________________________________

    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
                   stock, as of the latest practicable date.

            Class                        Outstanding at September 30, 2003
            -----                        ---------------------------------
 Common Stock, without par value                   21,960,902 shares



<PAGE>


                                    PART I

ITEM I.     FINANCIAL STATEMENTS





                         GREENS WORLDWIDE INCORPORATED
                            CONDENSED BALANCE SHEET
                                  (Unaudited)

<TABLE>
<CAPTION>
                                                                       SEPTEMBER 30   DECEMBER 31
                                                                          2003            2002
                                                                       -----------    -----------
<S>                                                                   <C>            <C>
ASSETS

CURRENT ASSETS
  Cash and cash equivalents                                            $    25,143    $   270,248
  Accounts receivable                                                        1,615              -
  Inventories                                                              101,274              -
  Prepaid expenses and other current assets                                 32,134         46,188
                                                                       -----------    -----------
    TOTAL CURRENT ASSETS                                                   160,166        316,436
                                                                       -----------    -----------

PROPERTY AND EQUIPMENT, NET                                              2,038,133         32,469
CONSTRUCTION IN PROGRESS                                                 1,231,257        883,031
OTHER ASSETS
  Deferred tax asset                                                             -        151,658
  Deposit - related party                                                   25,000         25,000
  Deferred loan costs                                                       85,608              -
                                                                       -----------    -----------
    TOTAL OTHER ASSETS                                                     110,608        176,658
                                                                       -----------    -----------

TOTAL ASSETS                                                           $ 3,540,164    $ 1,408,594
                                                                       ===========    ===========

                    LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
  Accounts payable                                                     $   284,846    $    91,927
  Accrued expenses                                                          32,832          7,673
  Capital leases - current portion (Note 3)                                208,573              -
  Notes payable - current portion                                            5,179              -
  Notes payable related party - current portion (Note 4)                    90,000              -
                                                                       -----------    -----------
    TOTAL CURRENT LIABILITIES                                              621,430         99,600
                                                                       -----------    -----------


LONG-TERM LIABILITIES
  Capital leases (Note 3)                                                  367,743              -
  Notes payable                                                             15,905              -
  Notes payable - related party (Note 4)                                 2,603,731              -
                                                                       -----------    -----------
    TOTAL LONG-TERM LIABILITIES                                          2,987,379              -
                                                                       -----------    -----------

    TOTAL LIABILITIES                                                    3,608,809         99,600
                                                                       -----------    -----------

STOCKHOLDERS' EQUITY (DEFICIT)
  Preferred stock, par value $10  per share;
    5,000,000 shares authorized; none issued                                     -              -
  Common stock, no par value; 50,000,000 shares
    authorized; 21,960,902 shares
    issued and outstanding                                               2,625,008      2,625,008
  Additional paid-in capital                                             2,762,942      2,664,358
  Deficit accumulated prior to the development stage                    (3,635,513)    (3,635,513)
  Accumulated deficit during the development stage                      (1,821,082)      (344,859)
                                                                       -----------    -----------
  TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                                     (68,645)     1,308,994
                                                                       -----------    -----------


TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                   $ 3,540,164    $ 1,408,594
                                                                       ===========    ===========
</TABLE>

                 See notes to condensed financial statements.

                                       2



<PAGE>


                         GREENS WORLDWIDE INCORPORATED
                      CONDENSED STATEMENTS OF OPERATIONS
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                                            For the Period From
                                                                                                              January 2, 2002
                                                                                                                  (Date of
                                                                   Three Months               Nine Months       Reorganization)
                                                                 Ended September 30,       Ended September 30,       through
                                                             -------------------------   -----------------------  September 30,
                                                                 2003          2002          2003        2002         2003
                                                             -----------   -----------   -----------   ---------   -----------
<S>                                                         <C>           <C>           <C>           <C>         <C>


REVENUES                                                     $    47,598   $         -   $    51,174   $       -   $    51,174

COST OF REVENUES                                                  55,903             -        68,468           -        68,468
                                                             -----------   -----------   -----------   ---------   -----------
GROSS LOSS                                                       (8,305)             -       (17,294)          -       (17,294)

GENERAL AND ADMINISTRATIVE EXPENSES                              395,905       204,867       976,562     208,096     1,473,079
SALES AND MARKETING EXPENSES                                     142,792             -       173,937           -       173,937
INTEREST EXPENSE                                                  80,303             -        83,346           -        83,346
DEPRECIATION AND AMORTIZATION                                     68,065             -        73,426           -        73,426
                                                             -----------   -----------   -----------   ---------   -----------

LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES             (695,370)     (204,867)   (1,324,565)   (208,096)   (1,821,082)

INCOME TAX (EXPENSE)/BENEFIT                                    (365,584)       81,947      (151,658)      81,947            -
                                                             -----------   -----------   -----------   ---------   -----------

LOSS FROM CONTINUING OPERATIONS                               (1,060,954)     (122,920)   (1,476,223)    (126,149)  (1,821,082)

DISCONTINUED OPERATIONS
  Gain on disposal of discontinued operations,
   net of $0 tax effect                                                -             -             -       48,830            -
                                                             -----------   -----------   -----------   ---------   -----------

INCOME FROM DISCONTINUED OPERATIONS                                    -             -             -       48,830            -

NET LOSS                                                     $(1,060,954)  $  (122,920)  $(1,476,223)  $  (77,319) $(1,821,082)
                                                             ===========   ===========   ===========   ==========  ===========

BASIC AND DILUTED INCOME/(LOSS) PER SHARE
CONTINUING OPERATIONS                                        $     (0.05)  $     (0.01)  $     (0.07)  $    (0.01)
DISCONTINUED OPERATIONS                                      $         -   $         -   $         -   $     0.01
                                                             -----------   -----------   -----------   ---------


BASIC AND DILUTED LOSS PER SHARE                             $     (0.05)  $     (0.01)  $     (0.07)  $    (0.01)
                                                             ===========   ===========   ===========   ==========
WEIGHTED AVERAGE SHARES OF COMMON STOCK
OUTSTANDING                                                   21,960,902    15,193,511    21,960,902    8,939,657
                                                             ===========   ===========   ===========   ==========
</TABLE>


                 See notes to condensed financial statements.

                                       3



<PAGE>


                         GREENS WORLDWIDE INCORPORATED
                      CONDENSED STATEMENTS OF CASH FLOWS
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                         For the Period From
                                                                                           January 2, 2002
                                                                                              (Date of
                                                                       Nine Months         Reorganization)
                                                                   Ended September 30,         through
                                                                 -------------------------   September 30,
                                                                     2003        2002            2003
                                                                 -----------   -----------   -----------
<S>                                                             <C>           <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES
 Net loss                                                        $(1,476,223)  $   (77,319)  $(1,821,082)
 Adjustments to reconcile net loss to net cash
  used in operating activities:
   Depreciation and amortization                                      73,426           982        75,040
   Stock options issued for compensation and services                      -       118,628       118,628
   Beneficial conversion from shareholder notes payable               18,751             -        18,751
   Income tax (benefit)/expense                                      151,658       (81,947)            -
   Gain on disposition of assets                                           -       (48,830)            -
   Change in operating assets and liabilities:
   Accounts receivable                                                (1,615)            -        (1,615)
   Inventories                                                      (101,274)            -      (101,274)
   Prepaid expenses and other current assets                              71       (32,348)      (41,149)
   Accounts payable                                                  192,919        44,519       279,846
   Accrued expenses                                                   25,159         5,819        32,832
                                                                 -----------   -----------   -----------
 NET CASH FROM OPERATING ACTIVITIES                               (1,117,128)      (70,496)   (1,440,023)
                                                                 -----------   -----------   -----------

CASH FLOWS FROM INVESTING ACTIVITIES
 Purchases of property and equipment                                (348,226)       (4,157)     (372,052)
 Purchases of construction in progress                            (2,070,882)      (98,874)   (2,453,913)
 Payment for deposit                                                       -             -       (25,000)
                                                                 -----------   -----------   -----------
 NET CASH FROM INVESTING ACTIVITIES                               (2,419,108)     (103,031)   (2,850,965)
                                                                 -----------   -----------   -----------

CASH FLOWS FROM FINANCING ACTIVITIES
 Proceeds from issuance of common stock                                    -     1,025,000     1,025,000
 Proceeds from notes payable and capital lease                       653,659             -       653,659
 Proceeds from notes payable shareholder                           2,693,731             -     2,693,731
 Principal payments on debt                                          (56,259)      (30,949)      (56,259)
                                                                 -----------   -----------   -----------
 NET CASH FROM FINANCING ACTIVITIES                                3,291,131       994,051     4,316,131
                                                                 -----------   -----------   -----------

  NET INCREASE (DECREASE) IN CASH                                   (245,105)      820,524        25,143

  CASH AT BEGINNING OF PERIOD                                        270,248        30,949             -
                                                                 -----------   -----------   -----------

  CASH AT END OF PERIOD                                          $    25,143   $   851,473   $    25,143
                                                                 ===========   ===========   ===========
SUPPLEMENTAL DISCLOSURE OF NON CASH INVESTING AND
FINANCING ACTIVITIES:

 Assets acquired as part of Asset Purchase Agreement for
 8,000,000 shares of common stock and assumption of
 $5,000 of liabilities                                           $         -   $   510,225

 Issuance of options for loan costs                                   79,833             -

</TABLE>


                 See notes to condensed financial statements.

                                       4



<PAGE>
                         GREENS WORLDWIDE INCORPORATED
                    NOTES TO CONDENSED FINANCIAL STATEMENTS
                                  (UNAUDITED)





NOTE 1. BUSINESS DESCRIPTION AND BASIS OF PRESENTATION

BASIS OF PRESENTATION

      The  accompanying  unaudited  consolidated financial statements have been
prepared in accordance with generally  accepted  accounting  principles  in the
United States of America for interim financial information and the instructions
to  Form  10-QSB.  Accordingly,  they do not include all of the information and
notes required by generally accepted accounting principles in the United States
of America for complete financial  statements.   In  the opinion of management,
all  adjustments  and reclassifications considered necessary  for  a  fair  and
comparable presentation  have  been  included  and  are  of  a normal recurring
nature.  Operating results for the three and nine-month periods ended September
30, 2003 are not necessarily indicative of the results that may be expected for
the  year  ending  December  31,  2003.  The accompanying financial  statements
should be read in conjunction with  the Company's most recent audited financial
statements.

BUSINESS DESCRIPTION

      Greens Worldwide Incorporated (formerly  Sedona  Worldwide Incorporated),
an Arizona corporation (or the "Company"), was incorporated  in  1992 under the
name  Red  Rock  Collection  Incorporated.   The  Company  was a majority-owned
subsidiary  of ILX Resorts Incorporated, an Arizona corporation  ("ILX")  until
December 31, 1999, when ILX effected a distribution of all of the shares of the
Company's Common  Stock  to  the  ILX shareholders of record as of December 21,
1999, on a pro rata basis (the "Spin-Off").  On November 21, 2001, shareholders
approved a plan to execute a tax-free  reorganization  of the Company that is a
reverse  acquisition.  On January 2, 2002 the Company entered  into  a  General
Bill of Sale,  Assignment and Assumption Agreement with ILX whereby ILX assumed
all of the assets  and  liabilities  of  the Company, leaving a "shell company"
available for the reorganization discussed above.

      In August 2002, the Company entered into an Asset Purchase Agreement with
The Greens of Las Vegas, Inc. ("GOLV") whereby  the Company acquired all of the
assets of GOLV, valued at $510,225, and in return  issued  8,000,000  shares of
common  stock.   The assets purchased include all plans, designs, concepts  and
any and all proprietary  rights  to be utilized in the GOLV business plan.  The
Asset Purchase Agreement was executed  as part of a Memorandum of Understanding
that provided for ILX to purchase 8,000,000 shares of the Company at $0.125 per
share.  In addition, an officer of the Company  was  issued a stock option from
ILX to purchase 1,000,000 shares of the Company at $0.125  per  share, with the
exercise price to increase 10% per year.

      In conjunction with the GOLV asset acquisition, the Company  entered into
a  sublease agreement with VCA Nevada Incorporated ("VCA-NV"), a subsidiary  of
ILX, for  approximately  23  acres  of  a 44-acre parcel of land.  The  Company
planned to develop the property, located one mile from the Southern part of the
Las Vegas Strip.  The facility included a sports themed restaurant and bar, one
18-hole putting course  and  a  pro  shop.   The  Company ultimately planned to
develop approximately six 18-hole natural grass-putting  courses.  Four  of the
putting  courses  would use  24 full-sized  championship  putting  greens, each
inspired by  famous greens known around the world.  On July 1, 2003 the Company
entered into a sub-sublease  agreement  with  Premiere Development Incorporated
("PDI"), an Arizona corporation and subsidiary  of ILX,  for 8,000 square  feet
of  the existing  building  in  Las  Vegas,  Nevada  which  houses  the  sports
themed restaurant and bar. Under the sub-sublease, PDI operated the restaurant/
bar and would remit a portion  of the net operating cash flow to the Company as
rent.

                                       5



<PAGE>
                         GREENS WORLDWIDE INCORPORATED
                    NOTES TO CONDENSED FINANCIAL STATEMENTS
                                  (UNAUDITED)



      The Company is a development stage company and  to  date  its  activities
have  included  the  construction of its corporate offices, restaurant/bar  and
pro-shop  facility, completion  of  construction  documents,  engagement  of  a
construction   management  company,  application  of  appropriate  permits  and
compilation of its marketing plan.  The Company began operating the one 18-hole
putting course in  July  and  the  pro  shop  in  September.  The sports-themed
restaurant  and  bar,  the  18-hole  putting  course  and   the  pro  shop  all
discontinued  operations  on  October  31,  2003.   There  was no positive  net
operating  cash  flow  for  the restaurant/bar in July through its  closing  in
October 2003, therefore the Company  received  no rental revenue under the sub-
sublease.  In addition, the sublease agreement with  VCA-NV  was terminated due
to  non-payment  of  rent.   The  Company  will  now  evaluate  other  business
opportunities, including its original intent to develop all six 18-hole natural
grass putting courses.


STOCK OPTION PLAN

      The Company accounts for stock options issued to directors, officers  and
employees  under  Accounting  Principles  Board  Opinion  No.  25  and  related
interpretations  ("APB  25").  Under APB 25, compensation expense is recognized
if an option's exercise price  on  the measurement date is below the fair value
of the Company's common stock.  The  Company  accounts for options and warrants
issued to non-employees at their fair value in  accordance  with  SFAS No. 123,
"Accounting for Stock-Based Compensation" ("SFAS 123").

      No  compensation  cost has been recognized in the accompanying  financial
statements  for  stock  granted  to  employees.   Had  the  Company  determined
compensation cost based on  the  fair  value  at  the  grant date for its stock
options  under  SFAS  No.  123,  the  Company's net loss applicable  to  common
shareholders would have been increased to the pro forma amounts indicated below
for the three and nine months ended September 30, 2003 and 2002.



<TABLE>
<CAPTION>
                                                                   For the Three Months             For the Nine Months
                                                                    Ended September 30,             Ended September 30,
                                                                    2003             2002            2003           2002
                                                                ------------      -----------    ------------    -----------
<S>                                                            <C>               <C>            <C>             <C>
Net loss, as reported                                           $ (1,060,954)     $  (122,920)   $ (1,476,223)   $   (77,319)

Deduct:  Total stock-based employee compensation expense            (225,991)         (14,598)       (342,946)       (14,598)
  determined under fair value based method for all awards       ------------      -----------    ------------    -----------
Pro forma net loss per common share                             $ (1,286,945)     $  (137,518)   $ (1,819,169)       (91,917)
                                                                ============      ===========    ============    ===========
Earnings per share, basic and diluted:

  As reported                                                   $      (0.05)     $     (0.01)   $      (0.07)   $     (0.01)
                                                                ============      ===========    ============    ===========

   Pro forma                                                    $      (0.06)     $     (0.01)   $      (0.08)   $     (0.01)
                                                                ============      ===========    ============    ===========
</TABLE>
..
INVENTORY

      Inventory  consisted  of purchased  finished  clothing,  accessories  and
equipment and was recorded at  the lower of cost (using the first-in, first out
method) or market.


                                       6


<PAGE>


                         GREENS WORLDWIDE INCORPORATED
                    NOTES TO CONDENSED FINANCIAL STATEMENTS
                                  (UNAUDITED)



NOTE 2.  BUSINESS CONDITION

      As shown in the accompanying  financial  statements, the Company operated
at a net loss of $1,060,954 and $1,476,223 during  the  three  and  nine months
ended  September 30, 2003.  The Company evaluated its assets for impairment  at
September  30,  2003.   The deferred tax asset of $365,584 was written off as a
result of this evaluation.   The  promissory  note  with VCA-NV (see Note 4) is
secured by a Pledge Agreement of all of the Company's  assets.   Assets  may be
transferred to VCA-NV and the balance on the promissory note will be reduced by
the carrying value of such transferred assets.  At September 30, 2003 the value
of  the  assets  securing the note payable approximates the balance of the note
payable to VCA-NV. The Company will perform another evaluation of its assets at
December 31, 2003.

NOTE 3.  CAPITAL LEASE

      In April 2003,  the  Company  entered  into an equipment lease to finance
various office and restaurant/bar equipment. The lease is for 36 months and the
fair value of the leased equipment was $350,542.   In  July  2003,  the Company
added  additional  equipment to the master lease.  The additional equipment  is
also leased for 36 months  and  the  fair  value was $298,296.   As part of the
equipment leases, the Company entered into a guarantee agreement with ILX.  ILX
agreed to guarantee the equipment leases for  a  fee  equal to 2% of the amount
guaranteed.  This guarantee fee is included in Other Assets  and  was amortized
over the life of the capital lease.  In November 2003 the Company will transfer
the  assets underlying the lease to ILX and ILX will assume payments  of  those
leases.

NOTE 4.  NOTE PAYABLE TO RELATED PARTY

      On June 30, 2003 the Company entered into a Promissory Note and Agreement
with VCA-NV to provide up to $2.5 million in working capital.  The note accrues
interest  at  ten  percent  per  annum  with interest only payments due monthly
commencing August 15, 2003 and monthly principal payments of $10,000 commencing
January 15, 2004.  The note is convertible  into  common  stock at twenty cents
($0.20) per share.  One of the advances made during the quarter  was  made on a
day  when  the  market  price of the stock was higher than the conversion price
stipulated in the note and  therefore  triggered  a  beneficial  conversion  of
$18,751.   This  entry  was recorded as interest expense and additional paid in
capital.  The balance on  the  note  at  September  30, 2003 is $2,693,731.  An
additional $55,042 has been advanced on the note since September 30, 2003.  The
note  has a Pledge Agreement that secures all of the Company's  assets  in  the
event of  default.   GWWI  ceased its putting course and pro shop operations on
October 31, 2003 and VCA-NV may enforce the pledge agreement in order to obtain
reimbursement on the note.

NOTE 5.  STOCK OPTIONS

      In March 2003, the Company  issued  options to purchase 500,000 shares of
common stock at $0.20 per share for financing  acquisition fees.  These options
were valued at $79,833 using the Black Scholes pricing model with the following
assumptions:  expected volatility 277.71%, risk free interest rate 2.51% and an
expected life of 4.96 years.  The $79,833 was included  in long-term assets and
is being amortized over the life of the note payable to VCA-NV.


                                          7


<PAGE>



                         GREENS WORLDWIDE INCORPORATED
                    NOTES TO CONDENSED FINANCIAL STATEMENTS
                                  (UNAUDITED)



      During 2003, the Company issued options to purchase  2,000,000  shares of
common  stock  at  exercise  prices  ranging  from  $0.18 to $0.20 per share to
employees.  The Company recorded no expense upon issuance  due  to the exercise
price  being  at, or below, market value.  These shares had a weighted  average
fair value of $0.17.   This  fair  value  was  computed using the Black Scholes
pricing  model  with  the  following weighted average  assumptions:  risk  free
interest  rate  of 2.0%, dividend  yield  of  0.0%,  volatility  of  285%,  and
estimated life of 2.7 years.

      Options to  purchase 4,000,000 shares of common stock ranging from $0.125
to $0.20 were excluded from the diluted loss per share calculation due to their
effect being anti-dilutive.


                                       8



<PAGE>


                         GREENS WORLDWIDE INCORPORATED



ITEM 2.  PLAN OF OPERATION

      The following discussion of the Company's financial condition and results
of operations includes  certain  forward-looking statements.  When used in this
Form 10-QSB, the words "estimate,"  "projection,"  "intend,"  "anticipates" and
similar terms are intended to identify forward-looking statements  that  relate
to   the   Company's  future  performance.   Such  statements  are  subject  to
substantial  uncertainty.  Readers are cautioned not to place undue reliance on
the forward-looking  statements  set  forth  below.   The Company undertakes no
obligation  to publicly update or revise any of the forward-looking  statements
contained herein.

      On November  21, 2001, shareholders approved a plan to execute a tax-free
reorganization of the  Company  that  would  be  accounted  for  as  a  reverse
acquisition.   On  January  2, 2002 the Company entered into a General Bill  of
Sale, Assignment and Assumption  Agreement  with ILX whereby ILX assumed all of
the assets and liabilities of the Company, leaving  a "shell company" available
for the reorganization discussed above.

      In August 2002, the Company entered into an Asset Purchase Agreement with
The Greens of Las Vegas, Inc. ("GOLV") whereby the Company  acquired all of the
assets  of  GOLV  and in return issued 8,000,000 shares of common  stock.   The
assets  purchased  include  all  plans,  designs,  concepts  and  any  and  all
proprietary rights to  be  utilized  in  the  GOLV  business  plan.   The Asset
Purchase  Agreement was executed as part of a Memorandum of Understanding  that
provided for  ILX to purchase 8,000,000 million shares of the Company at $0.125
per share.  In  addition,  an  officer of the Company was issued a stock option
from ILX to purchase 1,000,000 shares  of the Company at $0.125 per share, with
the exercise price to increase 10% per year.

      The Company had revenue of $47,598  and  $51,174  for  the three and nine
months ended September 30, 2003.  The revenue was derived from the operation of
the 18-hole putting green and the sale of retail items in the  pro-shop.   Both
operations  were closed on October 31, 2003 and all employees but the Company's
President  were   terminated.    The   President   will   seek  other  business
opportunities over the coming months.

      The Company's assets are subject to a Pledge Agreement in favor of VCA-NV
to secure the payment of the promissory note (see Note 4).  VCA-NV may exercise
its right under the Pledge Agreement in order to recover payment on the note.

      The Company is currently evaluating possible business options.

      General  and  administrative  expense was $395,905 and $976,562  for  the
three and nine months ended September  30,  2003.   The  expenses  included the
daily  operation  expenses for the Greens of Las Vegas which were mainly  rent,
salaries and professional services.

      Sales and marketing  expense  was $142,792 and $173,937 for the three and
nine months ended September 30, 2003.   The expense was to advertise and market
the putting greens and the pro-shop to individuals and groups.

      Interest expense for the three and  nine  months ended September 30, 2003
was $80,303 and $83,346 respectively.  The interest  expense was mainly for the
line of credit with VCA-NV.


                                       9



<PAGE>


                         GREENS WORLDWIDE INCORPORATED



      Depreciation and amortization expense was $68,065  and  $73,426  for  the
three and nine months ended September 30, 2003 which was mainly depreciation on
leasehold improvements made for the restaurant and bar.


ITEM 3.  CONTROLS AND PROCEDURES

      (a)  Evaluation  of  disclosure  controls  and procedures. Based on their
evaluation of the Company's disclosure controls and  procedures  (as defined in
Rule 13a-15(e) under the Securities Exchange Act of 1934 (the "Exchange Act")),
the Company's principal executive officer and principal financial  officer have
concluded that as of the end of the period covered by this Quarterly  Report of
Form 10-Q such disclosure controls and procedures are effective to ensure  that
information required to be disclosed by the Company in reports that it files or
submits  under the Exchange Act is recorded, processed, summarized and reported
within the  time  periods specified in Securities and Exchange Commission rules
and forms.

      (b) Changes in  internal  control  over  financial reporting.  During the
quarter  under report, there was no change in the  Company's  internal  control
over financial  reporting that has materially affected, or is reasonably likely
to materially affect, the Company's internal control over financial reporting.



                                    PART II

ITEM 1.  LEGAL PROCEEDINGS

      In October  2003  the  Company received a complaint filed by Stars of Las
Vegas, LLC demanding payment for  GOLV  liabilities.   The Company responded to
this complaint on November 13, 2003.


ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

         None

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

         None

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         None

ITEM 5.  OTHER INFORMATION

         None

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

         Exhibit 31 - CERTIFICATION PURSUANT TO 18 U.S.C. {section} 1350, AS
         ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002.

         Exhibit  32 - CERTIFICATION PURSUANT TO 18 U.S.C.  {section} 1350, AS
         ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002.


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<PAGE>

                         GREENS WORLDWIDE INCORPORATED





                                  SIGNATURES


            Pursuant  to  the  requirements  of  the Securities Exchange Act of
1934, as amended, the Registrant has duly caused its  quarterly  report on Form
10-QSB to be signed on its behalf by the undersigned thereunto duly authorized.



                         GREENS WORLDWIDE INCORPORATED
                                 (Registrant)


                              /s/ Connie S. Ross
                              ------------------
                                Connie S. Ross
                                   Chairman


                            /s/ Margaret M. Eardley
                            -----------------------
                        Acting Chief Financial Officer


Date:  As of November 17, 2003



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