SECURITIES AND EXCHANGE COMMISSION

                            WASHINGTON, D.C. 20549
                                FORM 10-QSB

[X]      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934

         For the quarterly period ended September 30, 2003

[ ]      TRANSITION  REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE
         SECURITIES
         EXCHANGE ACT OF 1934 for the transition period from
         __________________ to ____________________.

         Commission File Number 000-25997

                         Silver Bow Antique Aviation
      (Exact Name of Small Business Issuer as specified in its Charter)


            Nevada                                    91-1939533
(State or other Jurisdiction of                     I.R.S. Employer
Incorporation or Organization                    Identification Number


829 Francis Drive,  Palm Springs, CA                           92262
(Address of principal executive offices)                     (Zip Code)

(760) 322-9277
(Issuer's telephone number)


               Check whether the Issuer (1) 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 Common Equity, as of the latest practicable date.

Common Stock, no par value                         3,190,400
Title of Class                            Number of Shares Outstanding
                                                at September 30, 2003
No exhibits included.








<PAGE>2
Item 1.  Financial Statements
                           Silver Bow Antique Aviation
                          (A Development Stage Company)
                                  BALANCE SHEET
<TABLE>
<CAPTION>
                                   September 30,         December 31,
                                       2003                  2002
                                    ---------             ---------

                                     <c>                   <c>
              ASSETS                   2003                  2002
CURRENT ASSETS: (Note 7)
 Note Receivable/Cash Advances     $   43,100            $      -0-
                                    ---------             ---------
  Total current assets             $   43,100            $      -0-
FIXED ASSETS (NOTE 3):              ---------             ---------
 Property/Equipment - Aircraft     $      -0-		   $   98,000
  Less Accumulated Depreciation     (     -0-)            (  56,021)
                                    ---------             ---------
  Net Fixed Assets		     $      -0- 		   $   41,979
                                    ---------             ---------
TOTAL ASSETS                       $   43,100            $   41,979
                                   ==========            ==========
LIABILITIES & SHAREHOLDERS' EQUITY
Current Liabilities (NOTES 4,5,6)
 Note Payable Aircraft Expenses    $   80,074            $   76,038
 Note Payable Cash Advances            50,000                   -0-
 NP Mortgage Interest Expense          46,740                41,840
 NP Current A/C Mortgage (NOTE 5)      12,182                39,200
 Convertible Promissory Notes(NOTE6)   25,000                25,000
                                    ---------             ---------
  Total Current Liabilities        $  213,996            $  182,078
LONG TERM LIABILITIES (NOTE 5):     ---------             ---------
 Aircraft Mortgage 10Yr Note Paybl $      -0-            $   98,000
  Less 4 Yrs. Current Portion             -0-               (39,200)
                                    ---------             ---------
  Net Total Long Term Liabilities  $      -0-            $   58,800
                                    ---------             ---------
TOTAL LIABILITIES                  $  213,996            $  240,878
SHAREHOLDERS' EQUITY(NOTES 1,2):    ---------             ---------
 Preferred stock, par value $.001;
  1,000 shares authorized; -0-
  shares issued and outstanding    $      -0-            $      -0-
 Common stock, par value $.001;
  99,999,000 shares authorized;
  issued & outstanding 3,190,400        3,190                 3,190
 Paid-in capital                       20,000                20,000
 Retained earnings(accum deficit)    (194,086)            ( 222,089)
                                   ----------            ----------
TOTAL SHAREHOLDERS' EQUITY         $( 170,896)           $( 198,899)
                                   ----------            ----------
TOTAL LIABILITIES & EQUITY         $   43,100            $   41,979
                                   ==========            ==========
</TABLE>
 The accompanying notes are an integral part of these financial statements

<PAGE>3
                         Silver Bow Antique Aviation
                         (Development Stage Company)
                           STATEMENT OF OPERATIONS
          For the 3 and 9 Months Year to Date Period September 30
<TABLE>
<CAPTION>
                                 Three Months Ended      Year to Date Ended
                                    September 30,           September 30,
                                 2003           2002       2003      2002
                               --------       --------    --------  --------

                               <c>            <c>        <c>       <c>
Revenues                      $     -0-      $     -0-   $     -0- $     -0-
                               --------       --------    --------  --------
Oper. Expenses
 Interest Expense             $     -0-      $   2,450   $   4,900 $   7,350
 Aircraft Expenses                  -0-          2,039       2,536     5,456
 Consulting Svcs/Computing          -0-            -0-       1,500       -0-
 Depreciation                       -0-          3,500       7,000    10,500
                               --------       --------    --------  --------
   Total Operating Expenses   $     -0-      $   7,989   $  15,936 $  23,306
New Business Develop Exp(NOTE 7)  6,900            -0-       6,900       -0-
                               --------       --------    --------  --------
Income (Loss) From Operations $(  6,900)     $(  7,989)  $( 22,836)$( 23,306)

Other Income(Expense)(NOTE 3)    50,839            -0-      50,839       -0-
                               --------       --------    --------  --------
Net Income (Loss)             $  43,939      $(  7,989)  $  28,003 $( 23,306)
                               ========       ========    ========  ========

Per share information:

Basic (loss) per common share   $ 0.114        $(0.003)    $ 0.092   $(0.077)
                                 ------         ------      ------    ------
Basic weighted average number
 common stock shs outstanding  3,040,400      3,040,400   3,040,400 3,040,400
                               =========      =========   ========= =========

Diluted (loss)per common share  $ 0.114        $(0.003)    $ 0.092   $(0.077)
                                 ------         ------      ------    ------
Diluted weighted average number
 common stock shs outstanding  3,040,400      3,040,400   3,040,400 3,040,400
                               =========      =========   ========= =========


</TABLE>


The accompanying notes are an integral part of these financial statements






<PAGE>4

                                Silver Bow Antique Aviation
                                  STATEMENT OF CASH FLOWS
                    For 3 and 9 Months Year to Date Period September 30
<TABLE>
<CAPTION>
                                            September 30,       September 30,
                                           2003      2002      2003      2002
                                         -------   -------   -------   -------

                                         <c>       <c>       <c>        <c>
Operating Activities:

 Net income (loss)                     $  43,939 $(  7,989 $  28,003 $( 23,306)
 Transactions not requiring cash:
  Depreciation-current provision             -0-     3,500     7,000    13,500
  <Credit/recapture depreciation>        (63,021)      -0-   (63,021)      -0-

 Cash provided (used) on changes in:
  Current/fixed assets decr.(incr.)-
   (Incr.) balance NR cash Advances      (43,100)      -0-   (43,100)      -0-
   Decr. fixed assets/sale of plane       98,000       -0-    98,000       -0-

  Current/LT liabilities incr.(decr.)-
   Incr. Note Payable/Aircraft Expenses      -0-     2,039     4,036     5,456
   Incr. Note Payable/Cash Advances       50,000       -0-    50,000       -0-
   Incr. Note Payable/Accrued Int. Exp.      -0-     2,450     4,900     7,350
   (Decr.) Note Payable/Bal. Current LTD (27,018)      -0-   (27,018)      -0-
   (Decr.) Note Payable/LTD Over 1 year  (58,000)      -0-   (58,000)      -0-
                                         -------   -------   -------   -------
NET CASH PROVIDED (USED) BY OPERATING
    ACTIVITIES                         $     -0-  $    -0-  $    -0-  $    -0-
                                         -------   -------   -------   -------
Cash provided(used)financing activities      -0-       -0-       -0-       -0-

Cash provided(used)investing activities      -0-       -0-       -0-       -0-
                                         -------   -------   -------   -------
Net increase (decrease) in Cash        $     -0- $     -0- $     -0- $     -0-

CASH, BEGINNING OF PERIOD                    -0-       -0-       -0-       -0-
                                         -------   -------   -------   -------
CASH, END OF PERIOD                    $     -0- $     -0- $     -0- $     -0-
                                         =======   =======   =======   =======







</TABLE>



The accompanying notes are an integral part of these financial statements


<PAGE>5
                  Silver Bow Antique Aviation
                        FINANCIAL NOTES
  PERIOD ENDING 3 AND 9 MONTHS YEAR TO DATE SEPTEMBER 30, 2003

General:

The condensed consolidated financial statements of Silver Bow Antique
Aviation included herein, have been prepared without audit pursuant to
the rules and regulations of the Securities and Exchange Commission.
Although certain information normally included in financial statements
prepared in accordance with generally accepted accounting principles has
been condensed or omitted, Silver Bow believes that the disclosures are
adequate to make the information presented not misleading.  The condensed
financial statements for the 3 and 9 month periods ended September 30,
2003 should be read in conjunction with the financial statements and notes
thereto included in this report, the prior quarterly reports on Form 10QSB
for the periods ending March 31, June 30 and September 30, 2003, and the
Silver Bow Annual Report on Form 10KSB for year ended December 31, 2002.

The condensed consolidated financial statements included herein reflect
all normal recurring adjustments that, in the opinion of management, are
necessary for fair presentation.  Results for the interim period are not
necessarily indicative of trends or results to be expected for a full year.

NOTE 1-ORGANIZATION:

The Company was organized under the laws of the State of Nevada on
April 28, 1994 under the name of Silver Bow Antique Aviation.  The Company
was incorporated to engage in any lawful activities.

The Company's articles initially authorized 1,000 shares of Preferred Stock
and 10,000 shares of Common Stock, both at a par value of $.001 per share.

During 1996, certain consulting services were rendered to the Company by
the majority stockholder, Magellan Capital Corporation, (a Nevada
Corporation doing business in California) and 4 other individuals.  The
value of such services were at the stated par value for 1,041 shares
issued on July 15, 1996 and have been stated on the Balance sheet, the
Statement of Operations and the Cash Cash Flow Statement at $936, which
amounts reflect the par value of the original issue on the date of the
900 for 1 forward stock split on the 1,041 shares.  Revised number of
shares issued and outstanding after the foregoing split were 936,900,
with a total value of $936.00.

On December 30, 1998, 2,053,500 shares were purchased for cash at the
stated par value of $.001 per share.  Total shares outstanding at year
end 12/31/98 were 2,990,400, with a total value of $2,990.

On September 25, 2001, 200,000 shares were issued a the stated par value
of $.001 per share for services rendered through September, 2001:
100,000 shares to Darren Holm, the newly appointed President of the
Company and 50,000 shares each to Randall Baker, Secretary and Norm
LeBoeuf, Controller.




<PAGE>6

The total number of Common Stock shares outstanding and issued at year
end December 31, 2002 and the quarter ending September 30, 2003 were
3,190,400, with a total value of $3,190.

Preferred Stock.
The original articles of incorporation (April 28, 1994) authorized 1,000
shares of Preferred Stock with a stated par value of $.001 per share.
From inception (April 28, 1994) through December 31, 2002 and September
30, 2003, there have been  no issuance of Preferred Stock shares, and
none are outstanding.

NOTE 2-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

The Articles of Incorporation (as revised) authorize Silver Bow Antique
Aviation to issue up to 99,999,000 shares of common stock with a par
value of $.001 per share and 1,000 shares of preferred stock, with a par
value of $.001 per share.  As of September 30, 2003 and the year ending
December 31, 2002, there were 3,190,400 shares of common stock issued
and outstanding.  As of September 30, 2003 and December 31, 2002, no
preferred stock was issued and outstanding.

NOTE 3-FIXED ASSETS:

The 1976 Piper Lance Aircraft with a capitalized value of $98,000 was
sold in 3RD Quarter of Fiscal Year 2003 for a net proceeds of $85,818,
resulting in a net book (loss) of $12,182. This was offset by the credit
of $63,021 for the recapture of the accumulated depreciation amounting
to $63,021 at June 30, 2003, for an overall net P&L Income pickup of
$50,839 for the 3RD Quarter ending September 30, 2003.  Depreciation was
calculated on a 7-year/used aircraft life basis, using the straight line
depreciation method.   Accumulated depreciation as of June 30, 2003 was
$63,021 and $56,021 as of December 31, 2002.

NOTE 4-CURRENT LIABILITIES:

Silver Bow's liabilities consist of the following due Orion USA, Inc.:
<TABLE>
<CAPTION>
                                                 Amounts due  Amounts due
                                                   9/30/03      12/31/02
                                                  ---------    ---------

                                                   <c>          <c>
Notes payable aircraft operating expenses         $  80,074    $  76,038
Notes payable for cash advances for development
 of Silver Bow's new business (SEE NOTE 7)           50,000          -0-
Notes payable accrued interest aircraft mortgages    46,740       41,840
Note payable remaining balance due Piper mortgage
 (see NOTE 5)                                        12,182       39,200
Convertible promissory note/admin support            25,000       25,000
                                                   --------     --------
             TOTAL LIABILITIES                    $ 213,996    $ 182,078
                                                   ========     ========
</TABLE>



<PAGE>7

NOTE 5-AIRCRAFT NOTE PAYABLE BALANCE AT September 30, 2003 $12,182;

The Piper Aircraft was sold for a net of $85,818 which was applied to
the June 30, 2003 unpaid balance of the original $98,000 purchase price.
This left a balance of $12,182 due on the aircraft mortgage for the
1976 Piper Aircraft.  The aircraft is depreciated over the mandatory
7 year life basis for used aircraft, representing an annual depreciation
expense of $14,000 ($3,500 per quarter).  The note carries a 10% annual
interest rate of 10%, which equates to an annual interest expense of
$9,800 ($2,450 per quarter).

NOTE 6-CONVERTIBLE PROMISSORY NOTES:

The accumulated $25,000 balance is for the $10,000 per year accrual
of Administrative Support Services on a 5-year period 1999-2003. In
mid 2001, this arrangement was terminated; the $25,000 represents
accruals to June 30, 2001.  These notes are convertible at a rate
of $.05/cents per share of Silver Bow Common Stock at the option of
the holder, which would equate to 500,000 shares.

NOTE 7-IMPLEMENTATION OF AIRCRAFT BROKERAGE BUSINESS:

During the 3RD Quarter ending September 30, 2003, the Company started
the implementation phase of its aircraft brokerage business.  A loan
for $50,000 was received from the majority shareholder, Dempsey Mork,
secured by a Note Payable to Orion USA, Inc.; $6,900 was used to pay
operating expenses for the start of this phase.  Our primary efforts
consisted of continuing the following activities which we highlighted
in the Silver Bow December 31, 2002 Annual Report on Form 10KSB:

1.	Development of our Website.
2.	Investigating charter recruitment and user requirement materials.
3.	Refining database procedures of charter operators for mailings.
4.	Preparation of listings of corporate charter travel agents who
    know users of air charter services and mail recruitment data.
   5. Determine the best approach to use in telemarketing to charter
    operators and corporate charter travel agents.

After we have fully satisfied ourselves that we will have a good chance
of succeeding in our business venture, we will place ads in appropriate
newspapers, magazines and telephone yellow pages.

NOTE 8-GOING CONCERN AND INCIDENTAL COSTS:

The Company intends to enter the aircraft brokerage business and is
processing an SB2 to register shares.

Incidental costs to maintain legal registrations of the Company in
the State of Nevada and with the Security and Exchange Commissions
have been paid or assumed by Orion USA, Inc. and/or the officers/
directors of Silver Bow and will continue for the foreseeable future.



<PAGE>8

Item 2.  Managements' Discussion and Analysis of Results of Operations
and Financial Condition.

The Company has commenced the implementation phase of its Aircraft
Brokerage Business.  Silver Bow currently has a negative working
capital of <$70,196>, consisting of a $43,100 remaining balance on
its Promissory Cash Advance Notes Receivable, offset by the total of
$213,996 in Current Liabilities.

Capital and Source of Liquidity.
Silver Bow does not expect to purchase any plant or significant
equipment.

For the 3 and 9 months year to date periods ended September 30, 2003
and 2002, the Company did not pursue any financing activities, other
than the item noted in the 1ST paragraph of this comment section, as
shown above.

For the 3 and 9 months year to date periods ended September 30, 2003
and 2002, the Company did not pursue any investing activities.

Results of Operations.  For the 3 and 9 months year to date periods
ended September 30, 2003 and 2002, the Company has not received any
revenues from operations.

General and administrative expenses for the three months ended
September 30, 2003 were $6,900, resulting in a loss from operations
Of <$6,900>.  Offsetting this loss, was the other income credit of
$50,839 relating to the sale of the Piper Aircraft, for an overall
net income of $43,939.

General and administrative expenses for the three months ended
September 30, 2002 were $7,989, resulting in a loss from operations
of $(7,989).

Item 3. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

As of the end of the period covered by this quarterly report on Form
10-QSB, our management, under the supervision and with the
participation of our chief executive officer and chief financial
officer, conducted an evaluation of our "disclosure controls and
procedures" (as defined in Securities Exchange Act of 1934 (the
"Exchange Act") Rules 13a-14(c)).  Based on their evaluation, our chief
executive officer and chief financial officer have concluded that our
disclosure controls and procedures are effective to ensure that all
material information required to be filed in this quarterly report on
Form 10-QSB has been made known to them in a timely fashion.



<PAGE>9

Changes in Internal Controls

There have been no significant changes (including corrective actions
with regard to significant deficiencies or material weaknesses) in our
internal controls or in other factors that could significantly affect
these controls.

                    PART II
               OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS.

          Silver Bow is not subject to any legal proceedings.

ITEM 2.  CHANGES IN SECURITIES.

          None

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES.

           Not applicable.

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

           No matters were submitted to a vote of the security holders

ITEM 5.  OTHER INFORMATION.

           Not applicable.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.

(a)        Exhibit 31   302 Certification
           Exhibit 32   906 Certification

(b)         None

                  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 thereunto duly authorized.

Date:    May 17, 2004

By: /s/  Darren Holm,
         President