SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-QSB



               Quarterly Report Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934



For Quarter Ended September 30, 2003                 Commission File No. 0-28575


                       RENEGADE VENTURE (NEV.) CORPORATION
                ------------------------------------------------
               (Exact name of issuer as specified in its charter)



            NEVADA                                        84-1108499
 ------------------------------              ----------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
 incorporation or organization)


            6901 South Park Avenue
            Tucson, Arizona 85706
 Mail:  P.O. Box 23009 Tucson AZ 85734-3009                  (520) 294-3481
   --------------------------------------                ----------------------
  (Address of Principal Executive Offices)              (Issuer's Telephone No.)


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 such shorter period that the Registrant was required
to file such reports), and (2) has been subject to such filing requirements for
at least the past 90 days.

                     Yes [ x ]         No [   ]

The number of shares outstanding of each of the Registrant's classes of common
equity, as of September 30, 2003 are as follows:

         Class of Securities                              Shares Outstanding
    -----------------------------                         ------------------
    Common Stock, $.001 par value                             14,680,000

<PAGE>


                                      INDEX


                          PART I. FINANCIAL INFORMATION


Item 1.  Financial Statements.

         Consolidated Balance Sheets:

         As of September 30, 2003 (unaudited) and December 31, 2002
          (audited)    ....................................................  3

         Consolidated Statements of Operations:

         For the three and nine months ended September 30, 2003 and
          2002 (unaudited)    ............................................   4

         Consolidated Statement of Changes in Stockholders' Equity:

         For the nine months ended September 30, 2003 (unaudited)   .......  5

         Consolidated Statements of Cash Flows:

         For the nine-month period ended September 30, 2003 and 2002
          (unaudited)    .................................................   6

         Notes to Financial Statements (unaudited)    ....................   7


Item 2.  Management's Discussion and Analysis or Plan of Operation    ...   10

Item 3.  Controls and Procedures    .....................................   17


                           PART II. OTHER INFORMATION


Item 5.  Other Information    ............................................  18

Item 6. Exhibits and Reports on Form 8-K    ..............................  19

         Signatures    ...................................................  19

         Certifications    ...............................................  19

                                       2

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                           PART I. FINANCIAL INFORMATION

ITEM 1.   FINANCIAL STATEMENTS.

                               RENEGADE VENTURE (NEV) CORPORATION
                                  Consolidated Balance Sheets


                                                          September 30,     December 31,
                                                              2003             2002
                                                          -----------       -----------
                                                          (unaudited)        (audited)

ASSETS

CURRENT ASSETS
<S>                                                       <C>               <C>
Cash and cash equivalents                                 $    27,715       $     1,891
Accounts receivable                                         1,925,979           753,474
Costs and estimated earnings in excess
  of billings on contracts in progress                        123,994              --
Inventory                                                     489,858           412,589
Other Current Assets                                          219,705           100,781
                                                          -----------       -----------

  TOTAL CURRENT ASSETS                                      2,787,251         1,268,735


Property, plant and equipment                                 636,887           475,204
Goodwill
Other non-current assets                                       41,052            43,209
                                                          -----------       -----------

  TOTAL ASSETS                                            $ 3,465,190       $ 1,787,148
                                                          ===========       ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
Note payable                                              $   898,083       $   100,632
Note payable-related party                                                      117,000
Accounts payable - trade                                    1,785,531           701,523
Accounts payable - related party                                 --              79,202
Due to factor                                                 955,460           106,484
Customer deposits                                               2,800              --
Billings in excess of costs and estimated
  earnings on contracts in progress                              --              73,351
Accrued liabilities                                         1,044,657           916,017
Commitments & Contingencies                                   400,535              --
                                                          -----------       -----------


  TOTAL LIABILITIES                                         5,087,066         2,094,209
                                                          -----------       -----------

STOCKHOLDERS' EQUITY
Preferred stock, $.001 par value,  5,000,000 shares
  authorized, no shares issued or outstanding
Common stock, $.001 par value, 50,000,000 shares
  authorized, 14,680,000 shares issued and 14,680,000
  shares outstanding                                           15,310            19,360
Additional paid-in capital                                  3,028,923         1,904,075
Deferred compensation                                      (1,212,000)          (66,000)
Contributed capital                                           520,289           520,289
Accumulated deficit, prior year                            (2,570,785)             --
Accumulated earnings (deficit) current year                (1,403,613)       (2,570,785)
                                                          -----------       -----------

  Total paid-in capital and accumulated deficit            (1,491,209)         (193,061)

Less: treasury stock, at cost, no shares                         --            (114,000)
                                                          -----------       -----------

  TOTAL STOCKHOLDERS' EQUITY                               (1,621,876)         (307,061)
                                                          -----------       -----------
  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY              $ 3,465,190       $ 1,787,148
                                                          ===========       ===========


                  The accompanying notes are an integral part of these
                     condensed consolidated financial statements.

                                            3

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                                RENEGADE VENTURE (NEV) CORPORATION
                               Consolidated Statements of Operations

                                            (unaudited)



                                              Three Months                   Nine Months
                                           Ended September 30,           Ended September 30,
                                          2003           2002           2003           2002*
                                       -----------    -----------    -----------    -----------
<S>                                    <C>            <C>            <C>            <C>
Net Sales                              $ 5,091,825    $ 1,447,808    $12,611,185    $ 2,935,377


Cost of Sales                           (4,465,474)    (1,271,782)   (10,640,024)    (2,671,639)
                                       -----------    -----------    -----------    -----------

Gross Profit                               626,351        176,026      1,971,161        263,738

Selling, general

     And administrative expense         (1,454,328)      (662,789)    (3,021,597)    (2,559,398)
                                       -----------    -----------    -----------    -----------


Gain (loss) from Operations               (390,977)      (486,763)      (613,436)    (2,295,660)

Other Income (Expense):

  Interest Income                           62,063           --          187,356           --

  Interest Expense                        (113,788)       (41,019)      (377,646)       (48,362)

  Miscellaneous expense                     (1,643)        (6,379)       (17,124)        (6,379)

  Miscellaneous income                           5          7,263         10,513          7,463

  Penalties                                (19,976)          --         (156,277)          --
                                       -----------    -----------    -----------    -----------


Net Loss                                  (901,316)      (526,898)    (1,403,613)    (2,342,938)
                                       ===========    ===========    ===========    ===========



Net Loss per Share                     $     (0.06)   $     (0.03)   $     (0.10)   $     (0.13)
                                       ===========    ===========    ===========    ===========

                                                                              *operations began
                                                                              4/15/2002, see notes


                       The accompanying notes are an integral part of these
                           condensed consolidated financial statements.

                                                4
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                                                RENEGADE VENTURE (NEV) CORPORATION
                                           Statement of Changes in Stockholders' Equity
                                           for the Nine Months ended September 30, 2003

                                                            (unaudited)



                                                                                                                       Additional
                                                                                                         Treasury        Paid-in
                                                                               Common Stock               Stock          Capital
                                                                         ---------------------------    -----------    -----------
                                                                         Shares             Amount         Amount        Amount
                                                                        -----------      -----------    -----------    -----------
<S>                                                                    <C>                  <C>          <C>           <C>
Balance at December 31, 2002                                            18,980,000           19,360       (114,000)     1,904,075

Activity through March 31, 2003
Shares issued 1st quarter                                                   50,000               50           --           14,950
Shares returned                                                            (50,000)             (50)          --               50

Activity thru June 30, 2003
 see below


Activity through September 30, 2003
 Shares returned                                                        (1,560,000)          (1,560)          --            1,560
 Shares issued                                                           5,610,000            5,610           --        1,631,390
 No stock held in treasury                                                    --               --          114,000           --
                                                                       -----------      -----------    -----------    -----------

Balance at September 30, 2003                                            23,030,00           23,410             00      3,438,025


Note:
Financial statements in the 2nd quarter od 2003 were adjiusted
 to reflect changes in shares due to the following:

Court order discussed under Commitments and Contingencies               (8,100,000)*         (8,100)          --         (392,435)

Mediation agreement discussed under Commitments and Contingencies         (250,000)**          --             --          (16,667)
                                                                       -----------      -----------    -----------    -----------

Balance at Septenber 30, 2003 adjusted
       for results of legal proceedings                                 14,680,000           15,310             00      3,028,923


                                       The accompanying notes are an integral part of these
                                           condensed consolidated financial statements.

                                                                 5
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                                      RENEGADE VENTURE (NEV) CORPORATION
                                     CONSOLIDATED STATEMENTS OF CASH FLOWS


                                                                                         Nine Months
                                                                                     Ended September 30,
                                                                                     2003           2002
                                                                                  -----------    -----------
Increase (Decrease) in Cash and Cash Equivalents                                  (unaudited)      (audited)

<S>                                                                               <C>            <C>
Net cash provided by operating activities                                         $(1,403,613)   $(2,342,938)
                                                                                  -----------    -----------

Adjustments to reconcile net loss to net cash
  provided (used) by operating activities
    Depreciation                                                                       86,649          3,614
    Expenses paid with stock                                                           69,000      1,326,900
                                                                                  -----------    -----------
        Net adjustments to reconcile net loss to net cash operating activities
                                                                                      155,649      1,330,514
                                                                                  -----------    -----------

Changes in Assets and Liabilities
    Accounts receivable                                                            (1,172,506)    (1,075,223)
    Prepaid expenses                                                                  (43,841)       (85,021)
    Costs and estimated earnings in excess of billings on contracts in progress      (197,345)          --
    Assets held for sale                                                                 --             --
    Restricted funds                                                                  (75,083)          --
    Other current assets                                                              (77,271)          (690)
    Other non-current assets                                                            2,157        (19,917)
    Accounts payable
    - trade                                                                         1,084,178        519,985
    - related party                                                                   (79,202)       123,298
    Due to factor                                                                     848,976        471,247
    Customer deposits                                                                   2,800           --
    Billings in excess of costs and estimated earnings on contracts in progress          --           89,466
    Commitments and contingencies                                                     400,535
    Accrued liabilities                                                               128,641        816,794
                                                                                  -----------    -----------
        Net cash used by operating activities                                         822,039       (172,485)
                                                                                  -----------    -----------
Cash flows from investing activities
    Purchase of property, plant and equipment                                        (148,331)       (51,490)
                                                                                  -----------    -----------
        Net cash used by investing activities                                        (148,331)       (51,490)
                                                                                  -----------    -----------
Cash flows from financing activities
    Notes payable                                                                     697,283       (112,134)
    Notes payable - related party                                                    (117,000)       107,690
    Treasury stock                                                                    (16,667)          --
    Issuance of stock                                                                  36,465)       400,535
                                                                                  -----------    -----------
        Net cash provided by financing activities                                     600,081        396,091
                                                                                  -----------    -----------

Net increase in cash and cash equivalents                                              25,824        172,116
Cash and cash equivalents, beginning of period                                          1,891           --
                                                                                  -----------    -----------

Cash and cash equivalents, end of period                                          $    27,715    $   172,116
                                                                                  ===========    ===========


                                The accompanying notes are an integral part of
                                   these consolidated financial statements.

                                                      6
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                       RENEGADE VENTURE (NEV) CORPORATION
                          NOTES TO FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2003


1. BASIS OF PRESENTATION

The accompanying unaudited financial statements have been prepared in accordance
with accounting principles generally accepted in the United States of America
for financial information. In the opinion of management, all adjustments
consisting of normal recurring adjustments considered necessary to a fair
presentation have been included.

The condensed consolidated financial statements include the accounts of Renegade
Venture (NEV.) Corporation and its wholly owned subsidiaries, Hamilton Aerospace
Technologies, Inc. ("HAT") and Johnstone Softmachine Corporation ("Johnstone"),
collectively, the ("Company"). All were acquired by Renegade on April 30, 2002.
As such, the financial statements reflect the accounting activity of Hamilton
Aerospace since its inception, April 5, 2002. (See Pending Matter in Footnote
2).

2. PENDING MATTER

The Company, through its subsidiary HAT, Inc. had entered into various contracts
with a company called Hamilton Aviation, Inc. ("Hamilton Aviation"). Currently,
the Company is leasing equipment from Hamilton Aviation on a month-to-month
basis for $8,000 per month.

The prior contracts provided for a purchase of Hamilton Aviation and/or capital
lease to acquire Hamilton Aviation's equipment. These contracts have expired or
have been amended and no final agreement has been reached. Accounting standards
require the disclosure of the prior company's financial statements if it is
deemed that a business has been acquired, pursuant to Article 11-01(d) of
Regulation S-X. Due to the complexities involved in the transactions, the
Company has sought a definitive determination with the U.S. Securities and
Exchange Commission as to whether a business acquisition has occurred. Should it
be decided that the Company has acquired the business of Hamilton Aviation, an
amended filing will be made to report the prior financial activity of Hamilton
Aviation. It should be noted that Hamilton Aviation has filed for protection
under Article II of the U.S. Bankruptcy Code, and currently has either no or
minimal operations.

                                       7

<PAGE>


3. GOING CONCERN

The accompanying consolidated financial statements have been prepared assuming
the Company will continue as a going concern. The Company has incurred losses
since acquiring Hamilton Aerospace in May of 2002. (as discussed in Note 1). The
Company requires and is currently pursuing additional capital for growth and
strategic plan implementation. On December 15, 2002, the Company entered into an
agreement with American Capital Ventures, L.L.C to provide the Company with a
credit facility of up to $6,000,000. On March 1, 2003, Hamilton Aerospace and
the Company signed a secured promissory note with American Capital Ventures,
L.L.C. as the lender. The principal amount of the note is $675,000. As of
September 30, 2003, only 1/2 of the proceeds of this note, ($300,000) had been
received by the Company and American Capital Ventures, L.L.C. is currently in
the process of revising the documents to show $337,500 as the principal amount.
Interest is payable in monthly installments at the rate of l.25% per month,
payments beginning April 1, 2003. On August 28, 2003 the maturity date of this
Promissory Note was extended. Under the new terms, the entire unpaid Principal
and any accumulated, accrued or unpaid interest thereon are due and payable on
December 1, 2003. This loan represents the first installment of a bridge loan of
up to $2 million. It is anticipated that this bridge loan will be replaced by a
combination of a preferred stock offering and a $4 to $6 million credit
facility.

During the course of the third quarter the Company negotiated three separate
notes with Universal Lease and Finance Corporation, two of which were to
facilitate short-term cash requirements. One of these, in the amount of $200,000
is still outstanding and the maturity date has been extended to October 10,
2003. The third note provided funds to refurbish the small hangar. This note is
in the amount of $100,000 ($50,000 had been received at September 30, 2003) and
is to be paid by 12 monthly payments of $9,834, which includes interest at 18%.
The entire balance is due on August 1, 2004.


4. COMMITMENTS AND CONTINGENCIES

On June 18, 2003, the Company obtained a judgment in the Superior Court of
Maricopa County, Arizona directing the return of a certificate of 8,100,000
shares of common stock. Under this judgment, the Company, upon obtaining and
canceling the stock certificate, will pay into escrow $400,535.14, the
consideration originally received by the Company for the shares. The
accompanying financial statements reflect this judgment and the resulting
liability.

In June 2003, the Company reached a mediated agreement with a former director,
Ronald Clark, wherein Mr. Clark will be paid a monetary settlement. A portion of
that settlement relates to stock and a note, created to satisfy the Company's
obligation, will also cover interest and principal of a prior Company borrowing.
Additionally, the Company purchased consignment inventory by means of payment on
a second note, which was paid off during the third quarter of 2003. The final

                                       8

<PAGE>


agreement related to this mediation was executed during the third quarter of
2003 and the basic terms remained the same as on the signed mediation agreement.
Therefore, the appropriate accounting entries included in the financial
statements for June 30, 2003 need no modification.

5. COMMON STOCK AND STOCK OPTIONS

On July 21, 2003 the Directors of the Company took the following actions by
Unanimous Consent of the Board of Directors in lieu of Special Meeting:

       The 8,100,000 shares held by OMAC (shares were subject of the judgment
       discussed earlier), 1,500,0000 shares held by Seajay Holdings, LLC and
       1,500,000 shares held by Joane Corporation were declared void due to
       failure of consideration for the issuance of such shares. Further the
       proper officers of the Corporation were authorized and directed to take
       all action necessary to cause the certificate representing the 8,100,000
       shares of common stock held by OMAC to be returned to the Corporation for
       cancellation in accordance with the terms of the Judgment, discussed
       earlier herein, as entered by the Superior Court of Maricopa County
       Arizona. The proper officers of the Company were authorized and directed
       in accordance with said Judgment to open an escrow account and to fund
       such account in the amount of $400,535.14 within 90 days of the return
       and cancellation of the OMAC certificate. Further the certificate of
       Joane Corporation, representing 1,500,000 shares of common stock, shall
       be canceled. The shares represented by such certificate shall revert to
       authorized and unissued shares of the Company's capital stock. Further,
       the proper officers of the Corporation were authorized and directed to
       take such action as necessary to cause the certificate held by Seajay
       Holdings, LLC to be returned to the Company for cancellation.

       The Board of Directors determined that it would be in the best interest
       of the Company to enter into employment agreements with its executive
       officers, Ian Herman and John B. Sawyer. Included in the terms of each
       employment agreement is a grant of 2,500,000 shares of common stock each
       to Messrs. Herman and Sawyer. The shares are subject to vesting. The
       employment agreements were approved by owners of the majority of the
       outstanding shares of the Company's common stock as of July 29, 2003.
       Details of these employment agreements can be found in Form 8-K filed
       September 11,2003.

On August 7, 2003, the Directors of the Company took the following actions by
Unanimous Consent of the Board of Directors in lieu of Special Meeting:

     The Board agreed to issue 50,000 Renegade shares of common stock to
Financial World at $.30 per share as consideration for consultancy services.

     On August 26,2003, the Directors of the Company granted and issued 150,000
shares of common stock to an outside consultant for services rendered to the
Company which the Directors valued at $45,000.

On August 26,2003, the Directors of the Company granted and issued 100,000
shares of common stock to outside consultants to the Company under the 1997
Compensatory Stock Option Plan. The Company valued these services at $20,000.

                                       9

<PAGE>


On September 11,2003, the Directors of the Company granted and issued 100,000
shares of common stock to outside consultants to the Company under the 1997
Compensatory Stock Option Plan. The Company valued these services at $20,000.

On September 26,2003 the Directors of the Company granted and issued 260,000
shares of common stock to outside consultants for services rendered to the
Company under the 1997 Compensatory Stock Option Plan. The Company valued these
services at $52,000.

As of September 30, 2003 the Company had no shares available for grant under
either the 1997 Compensatory Stock Option Plan or the 1997 Employee Stock
Compensation Plan

6. SUBSEQUENT EVENTS

On October 3, 2003, the Company filed The 2002 Compensatory Stock Option Plan
registering 3,000,000 shares of common stock ($.001 par value) at a proposed
maximum offering price of $.20 per share.

On October 6, 2003, the Company filed The 2003 Employee Stock Compensation Plan
registering 5,000,000 shares of common stock ($.001 par value) at a proposed
maximum offering price of $.20 per share.




ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

                           FORWARD-LOOKING STATEMENTS

This report contains certain forward-looking statements and information relating
to Renegade Venture (NEV) Corporation "Renegade" and its wholly owned subsidiary
Hamilton Aerospace Technologies Inc. "HAT" that are based on the beliefs of our
management as well as assumptions made by and information currently available to
our management. When used in this report, the words "anticipate", "believe",
"estimate", "expect", "intend", "plan" and similar expressions, as they relate
to Renegade, HAT, or its management, are intended to identify forward-looking
statements. These statements reflect management's current view of Renegade and
HAT concerning future events and are subject to certain risks, uncertainties and
assumptions, including among many others relating to our results of operations:
competitive factors, shifts in market demand, and other risks and uncertainties
(including those described under "Risk Factors" below and elsewhere in this
report), our ability to generate sufficient working capital to meet our
operating requirements and service our indebtedness, our ability to refinance
our secured debt, or to convert such debt to equity, maintaining good working
relationships with our vendors and customers, our ability to attract and retain
qualified personnel, future terrorist-related activities, economic factors that
affect the aviation industry, changes in government regulation, increases in
fuel prices, and the overall economy.

                                       10

<PAGE>


                                     PART 1

The following discussion and analysis should be read in conjunction with the
information set forth under "Management's Discussion and Analysis or Plan of
Operation in our annual report on form 10-KSB for 2002. Renegade Venture (Nev.)
Corporation ("Renegade") is a public company that trades in the U.S.
over-the-counter market. Our common stock is quoted on the OTC Bulletin board
under the symbol RDVN. On May 2, 2002, Renegade acquired newly formed aviation
company Hamilton Aerospace Technologies, Inc., a Delaware corporation ("HAT") in
a stock-for-stock exchange. Hat was formed on April 5, 2002, to create a premier
provider of large aircraft maintenance, repair, overhaul and modification
(MROM") services to owners and operations of certain Transport Category
commercial jet aircraft. Its customers are all aircraft operators, including
passenger and cargo air carriers, and aircraft leasing companies. Renegade's
plan of operation for the immediate future is to seek and to acquire, if
possible, aviation industry related businesses to complement its Hamilton
Aerospace Technologies subsidiary. Additionally, the Company will seek to expand
Hamilton Aerospace. Renegade will not limits its search for business combination
candidates to any particular geographical area. Management of Renegade will seek
combination candidates in the United States and other countries, as available
time and resources permit, through existing associations and by word of mouth.
This plan of operation has been adopted in order to attempt to create value for
Renegade's shareholders.

HAT is a repair station licensed by the Federal Aviation Administration (FAA)
and by the Joint Aviation Authority of the European Economic Community (JAA),
and is known as an "Air Agency" in FAA parlance. Its MROM services include
maintenance, repair overhaul and modification services for narrow-body Transport
Category aircraft, repair and overhaul services on a wide range of aircraft
components and aircraft interiors, and servicing of Pratt & Whitney JT8D and
General Electric CFM56 engines. Our major modification services comprise the
conversion of passenger aircraft to freighter configuration. In order to control
overhead expense, some services are outsourced, such as engine overhaul. Key
operational strategies of HAT are governed by the complexity of aircraft
maintenance operations. It is essential that HAT employ highly experienced and
highly competent people in key management positions. This is necessary both to
attract and keep business and to maintain HAT's good standing with the FAA.
Accordingly, HAT has found it most cost effective to attract and keep key
personnel by offering attractive salaries, while aggressively replacing those
key employees who, after given a reasonable opportunity to do so, fail to
successfully meet their job requirements. While this may seem harsh, the
critical public safety issues associated with commercial aircraft maintenance
require that HAT quickly identify and address any shortcomings in the oversight
of its activities.

Similarly, in an industry where aircraft down time represents tens of thousands
of dollars a day in lost revenue, and a mis-drilled hole or a bolt left in an
engine inlet can cost tens of thousands of dollars to address, HAT has found it
most cost effective to pay its production personnel wages at the higher end of
national standards while demanding in return a high level of professionalism
from its employees. To insure that a good level of communication is maintained
with all employees, HAT provides regular written evaluations to all employees.

                                       11

<PAGE>


The principal focus of the operations group at HAT is the implementation of
strategies to enhance worker productivity, which include assigning dedicated
crews and dedicated project managers to each maintenance and modification job,
ongoing training for supervisors, project managers and quality control
personnel, and improving material flow to each job site. HAT also is
strengthening its production planning and control department for the purpose of
improving pre-input planning, responsiveness to unexpected maintenance finds or
changes in customer work scope, and the efficiency with which, when necessary,
manpower flows from one job to another.

Aircraft maintenance and modification is a highly regulated industry, and a good
working relationship with the FAA is essential to the successful operation of an
FAA-approved Repair Station such as HAT. The policy of HAT management is to work
closely and proactively with the FAA, which has resulted in the very positive
relationship needed to insure that when significant issues do occasionally arise
between HAT and the FAA they are addressed in a reasonable and constructive
nature.

HAT competes principally on the high quality of its services, its price
competitiveness due to its location in the Southwest and low labor rates, its
dry, mild climate and ability to do many MROM projects outdoors, and the low
cost of its Tucson facility. In the past year, predominantly due to the
September 11, 2001 event, five major repair stations either ceased doing
business or filed Chapter 11, including Hamilton Aviation, HAT's predecessor.
This has restricted the supply of services to the industry and opened up an
opportunity for HAT.

The large aircraft repair business is highly competitive. Revenues are sensitive
to adverse changes in the air carrier business, with factors such as airline
profit levels, changes in fuel costs, average fare levels, and passenger demand.
The heavily regulated airline industry, however, requires scheduled maintenance
and repair services irrespective of industry economics, thus providing a
reasonably steady market for HAT's services.

As a holding company, all our operations are currently and were as of September
30, 2003, conducted by our operating subsidiary, HAT, which was organized on
April 5, 2002. Unless otherwise specified, the operations discussed below
pertain to operations of HAT since its operations began on April 15, 2002.

 RECENT DEVELOPMENTS AFFECTING OUR OPERATIONS

The September 11th terrorist attacks carried out against the United States of
America in 2001 have had a severe impact on the aviation industry. As a result
of these attacks and the related aftermath, many commercial passenger airlines
and air cargo carriers reported significant reductions in their operations,
taking more than 20% of their aircraft out of service, either parking them or
returning them to leasing companies. This reduction in operations caused the
airline industry in general to incur significant losses in 2001, 2002, and 2003
and decreased revenues for MROM facilities that depend significantly on airline
customers, which HAT does not. While airlines remain hopeful that passenger
levels will soon return to pre-September 11th levels, the effect of the
terrorist acts, the continued alerts by the U.S. Department of Homeland Security
and fears of new terrorist attacks, the U.S.-led invasion of Iraq, high fuel
costs and the state of the economy in general likely will continue to have a
negative impact on aviation. In response to these factors, during 2002 we took
steps, including head count reductions, to reduce our costs. These terrorist
attacks have also impacted our competition with some of our competitors exiting
the MROM business.

                                       12

<PAGE>


                              RESULTS OF OPERATIONS

HAT operating revenues consist primarily of service revenues and sales of
materials consumed while providing services, net of allowances for returns. Cost
of sales consists primarily of labor, materials and freight charges. Our
operating results have fluctuated in the past and may fluctuate significantly in
the future. Many factors affect our operating results, including timing of
repair orders and payments from large customers, competition from other
third-party MROM service providers, the state of the aviation industry and the
number of customers seeking services, the impact of fixed pricing on gross
margins and our ability to accurately project our costs, our ability to obtain
financing and other factors.

Significant portions of our operating expenses, such as insurance, rent, debt
payments, certain salaries and such, are relatively fixed. Since we typically do
not obtain long-term commitments from our customers, we must anticipate the
future volume of orders based upon the historic patterns of our customers and
upon discussions with our customers as to their future requirements.
Cancellations, reductions or delays in orders by a customer or group of
customers could have a material adverse effect on our business, financial
condition and results of operations.

Results in the third quarter, ended September 30, 2003 reflect the continual
upward trend in revenues for HAT. Operating revenue for the three months ended
September 30, 2003 was $5,007,273. 2003 3rd quarter revenue is still about 3.5
times greater than 2002 3rd quarter revenue of 1,447,808. Our total revenues
from April 15, 2002 inception through December 31, 2002, a period of
approximately eight months, were $5,009,703 and our revenues for the first nine
months of 2003 were $12,526,633. Management is cautiously optimistic that
revenue for 2003 will be between $16 and $17 million, or approximately 3 times
that of 2002, our inception year.

During the third quarter of 2003, Renegade booked Revenue of $84,552. This
revenue was derived from a new one-year, renewable agreement with Mesa Airlines,
Inc. to furnish manpower to perform routine and non-routine maintenance services
and represents the first revenue produced by the parent Company since
consolidation with HAT.

The acceleration in revenue is attributable to increased hours billed performing
our core MROM services plus our recognizing and seizing the opportunity to
purchase and resell three Boeing 737-200 aircraft. The increase is due to our
success in securing new customers and securing more business from existing
customers as their experience with us gives them confidence in the quality of
our work and our ability to equal or exceed customer expectations for on-time
delivery. By comparison, we compiled 38,691 billable hours in the third quarter
of 2003, but billable hours for the entire 8 1/2 month period from April 15,
2002 through December 31, 2002 totaled only 72,523. Third quarter 2003 revenue
was enhanced $2.3 million by billings related to the sale of the aircraft
mentioned above. There were no extraordinary items. Three (3) of our customers
accounted for 83% of third quarter revenues.

                                       13

<PAGE>


On a consolidated basis, we experienced a $901,316 loss on gross revenues of
$5,091,825. Almost half of that loss, or $437,000, was attributable to stock
transactions and was a non-cash loss. Only $464,316 of the total loss was
attributable to operations. HAT on a stand-alone basis lost $279,138. The HAT
loss can be attributed to two factors: one, an extremely slow month of July due
in part to one of our main customers delaying the start date of contracted work,
which not only reduced the revenue stream but, had a significant negative effect
on efficiencies in general; and two, a fixed price overhaul bid, which included
material. During the term of this job HAT was subjected to higher prices than
anticipated for strategic parts to complete the overhaul. Our consolidated gross
profit for the third quarter of 2003 (after deducting cost of sales but before
overhead costs) was $626,351 which was not only greater than the gross profit
for the third quarter of 2002 of 116,092 but, was greater than the gross profit
for our entire 2002 operating year.

Gross profit levels during any particular period are dependent upon the number
and type of aircraft serviced, the contract terms under which services are
performed and the efficiencies that can be obtained in the performance of such
services. Significant changes in any one of these factors could have a material
impact on the amount and percentage of gross profits. Additionally, gross profit
could be impacted in the future by considerations as to the value of our
inventory.

Operating expenses for the holding company, Renegade were $638,507 in the third
quarter of 2003. This amount reflects the administrative costs of running
Renegade, $79,945 in legal expense, $34,253 in travel expense mainly connected
with efforts to improve capitalization, $437,000 related to expenses paid with
stock to consultants and Directors, and $26,152 in interest and penalties
charged by the Internal Revenue Service due to delinquent payroll taxes. The
taxes themselves are a legitimate operating expense of HAT, but management deems
the interest and penalties to be the result of inadequate Company capital and,
as such, a holding company expense.

HAT operating expenses were $842,544 for the third quarter of 2003 and as a
percentage of revenues were 17%. The same period in 2002 showed operating
expenses of 592,077, which was 41% as a percentage of revenues. As a result of
these factors, income from operations was -$232,521 for the third quarter, ended
September 30, 2003, a much more promising number than the -$475,985 from the
third quarter of 2002. We are cautiously optimistic that continued intense
efforts both in marketing our services and in containing our costs will help the
Company reach a profit mode in spite of the problems the aviation industry has
been experiencing over the past several months.

Interest expense during the third quarter of 2003 was $45,600 absent the
interest related to factoring the invoices of one of our customers. The interest
expense related to that factoring is passed on to our customer and is offset by
interest income.

The following tables depict our results of operations for the third quarter of
2003 and for the first nine months of a consolidated basis and the stand-alone
results for HAT.

                                       14

<PAGE>


--------------------- ----------------------- ----------------------
                       Renegade Consolidated   Hamilton Stand-Alone
--------------------- ----------------------- ----------------------
Quarter 3, 2003
--------------------- ----------------------- ----------------------
  Revenues                 $5,091,825             $5,007,273
--------------------- ----------------------- ----------------------
  Costs of sales          ( 4,465,474)           ( 4,397,250)
--------------------- ----------------------- ----------------------
  Expenses                ( 1,527,667)             ( 889,161)
--------------------- ----------------------- ----------------------
Net Profit (Loss)         ($  901,316)            ($ 279,138)
--------------------- ----------------------- ----------------------

--------------------- ----------------------- ----------------------
                       Renegade Consolidated   Hamilton Stand-Alone
--------------------- ----------------------- ----------------------
First 9 Months, 2003
  Revenues                $12,611,185            $12,526,633
--------------------- ----------------------- ----------------------
  Costs of sales          (10,640,024)           (10,571,799)
--------------------- ----------------------- ----------------------
  Expenses                ( 3,374,744)           ( 2,200,522)
--------------------- ----------------------- ----------------------
Net Profit (Loss)         ($1,403,613)            ($ 245,688)
--------------------- ----------------------- ----------------------






                         LIQUIDITY AND CAPITAL RESOURCES

Liquidity

As of September 30, 2003, we had outstanding indebtedness of approximately
$898,000, the bulk of which is due for four items: First, the secured bridge
facility of $337,500, second, the mediated agreement discussed under "Other
Information" , and third, a $200,000 bridge loan secured from Universal Lease
and Finance Corporation, and fourth, a Note with Universal Lease and Finance
Corporation in the amount of $100,000, $50,000 of which had been received at
September 30, 2003. This note provided funds to update the small hangar as a
work area for the Renegade contract to supply maintenance labor to Mesa
Airlines, Inc. Our ability to make payments of principal and interest on
outstanding debt will depend upon our future operating performance, which will
be subject to economic, financial, competitive and other factors, some of which
are beyond our control. Our ability to repay our indebtedness is dependent on
several factors: a conversion to a credit line is planned for the bridge loan;
our continued increase of billable hours, more fully utilizing our capacities,
will create a higher bottom line and consequently more cash; and our ability to
establish revolving credit lines which we can draw on as needed.

The level of our indebtedness is significant. It may affect our ability to
obtain additional financing for future working capital expenditures, general
corporate and other purposes. This indebtedness also requires the dedication of
a substantial portion of our future cash flow from operations to the payment of
principal and interest on indebtedness, thereby reducing the funds available for
operations and future business opportunities.

Total assets decreased from $4,687,024 as of June 30, 2003, to $3,465,190 at
September 30, 2003. This decrease is primarily due to decreases in two
categories:

     1. A decrease in accounts receivable of over $489,000, which is represented
     mainly by 2nd quarter invoices, related to the sales of aircraft, being
     paid.

                                       15

<PAGE>


     2. A decrease of over 914,000 in other current assets. This decrease is
     made up primarily of a cost of $ 965,250 for aircraft purchased in the
     second quarter that were sold during the third quarter.

During the third quarter, total liabilities decreased from $5,862,582 at June
30, 2003 to $5,087,066, primarily due to decreases in trade payables of over
$1,200,000,which included the cost of aircraft purchased for resale of
$1,485,000 at June 30; an increase in notes payable of approximately $220,000;
and in increase accrued liabilities of approximately $48,000.


Cash

As of September 30, 2003, we had $27,715 in cash on hand and approximately
$889,500 in collectible receivables after eliminating receivables that are part
of factoring arrangements. During 2002 and 2003 to date, we have relied upon
borrowings under the secured bridge facility, financing of our receivables and
cash provided by operations during 2003, to meet our working capital
requirements. We cannot assure you that financing alternatives will be available
to us in the future to support our working capital requirements.

..

Secured Bridge Facility

On December 15, 2002 American Capital Ventures LLC agreed, subject to due
diligence, to provide the company with financing of up to $6 million. On March
1, 2003, Hamilton Aerospace and the Company signed a secured promissory note
with American Capital Ventures, L.L.C. as the lender. The principal amount of
the note is $675,000. Interest is payable in monthly installments at the rate of
l.25% per month, payments beginning April 1, 2003. The entire unpaid Principal
and any accumulated, accrued or unpaid interest thereon are due and payable on
December 1, 2003. This loan represents the first installment of a bridge loan of
up to $2 million. It is intended that this bridge loan will be replaced by a
combination of a preferred stock offering and a $4 to $6 million-credit
facility. At September 30, 2003, only 1/2 of the proceeds of this loan,
$300,000, had been received by the Company. The lender is in the process of
amending the note and related agreements to reflect this fact. The principal
amount of the agreement after amendment will be $337,500.

Substantially all of our assets, and any assets we acquire prior to repaying the
secured bridge facility, are pledged as collateral for loans made under the
facility. The security agreement contains certain financial covenants regarding
our financial performance and certain other covenants. It provides that the
proceeds of any subsequent debt or equity financing or sales of assets be used
to repay amounts advanced under the bridge facility and calls for repayment of
all debt in the event of a material adverse change in the business or a change
in control. Mandatory repayments are also required as a result of insufficient
collateral to meet the borrowing base requirements thereunder.

                                       16

<PAGE>


                CRITICAL ACCOUNTING POLICIES AND USE OF ESTIMATES

Financial Reporting Release No. 60 of the SEC encourages all companies to
include a discussion of critical accounting policies or methods used in the
preparation of the financial statements. Our consolidated financial statements
filed as part of this annual report include a summary of the significant
accounting policies and methods used in the preparation of our consolidated
financial statements.

REVENUE RECOGNITION. We recognize revenues related to engine overhaul services
when we ship the overhauled engine. Revenues from fixed-fee contracts for MROM
sales are recognized on the percentage-of-completion method, measured by the
cost-to-cost method, commencing when progress reaches a point where experience
is sufficient to estimate final results with reasonable accuracy. Revision in
cost and labor hour estimates and recognition of losses on these contracts are
reflected in the accounting period in which the facts become known. Revenues
from time and material contracts are recognized as the services are performed.

USE OF ESTIMATES. Management's discussion and analysis of financial condition
and results of operations is based upon our consolidated financial statements,
which have been prepared in accordance with accounting principles generally
accepted in the United States. The preparation of our financial statements
requires management to make estimates and judgments that affect the reported
amounts of assets, liabilities, revenues and expenses, and the related
disclosure of contingent assets and liabilities. Management evaluates these
estimates on an on-going basis, including those related to estimated losses on
disposal of discontinued operations, the allowance to reduce inventory to the
lower of cost or net realizable value, the estimated profit recognized as
aircraft maintenance, design and construction services are performed, the
allowance for doubtful accounts and notes receivable, future cash flows in
support of long lived assets, medical benefit accruals, and the estimated fair
values of facilities under capital leases. Management bases its estimates on
historical experience and on various other assumptions that they believe are
reasonable under the circumstances, the results of which form the basis for
making judgments about the carrying value of assets and liabilities that are not
readily apparent from other sources. Actual results may differ from these
estimates under different assumptions and conditions.


ITEM 3:   CONTROLS AND PROCEDURES

(a)  Within 90 days of filing this report on Form 10-QSB (the "Evaluation
     Date"), our Chief Financial Officer and Chief Executive Officer, together
     with HAT's President and Principal Financial and Accounting Officer,
     evaluated our disclosure controls and procedures, as defined in Rules
     13a-14(c) and 15d-14(c) promulgated under the Securities Exchange Act of
     1934, as amended (the "Exchange Act"). Based on that evaluation, these
     officers have concluded that as of the Evaluation Date, our disclosure
     controls and procedures were effective in timely alerting them to material
     information relating to our company (including our consolidated
     subsidiaries) required to be included in our reports filed or submitted by
     us under the Exchange Act.

(b)  There have been no significant changes in our internal controls or in other
     factors that could significantly affect internal controls subsequent to the
     date of our most recent evaluation.

                                       17

<PAGE>


                           PART II. OTHER INFORMATION


ITEM 1.   LEGAL PROCEEDINGS

On May 2, 2003, a lawsuit, (Case No. C20032516), was filed in the Superior Court
of the State of Arizona by William Allen Boydstun, Plaintiff, and naming HAT,
along with several others, as Defendant. This lawsuit was dismissed on September
9, 2003.



ITEM 5.   OTHER INFORMATION

On March 14, 2003, Ronald Clark placed his resignation, as a director of HAT. On
April 10, 2003, he placed his resignation as a director of the Company, before
the Board. It was resolved that his resignations be accepted with immediate
effect, and further resolved that Mr. Clark would become a consultant to the
Board. The Board acknowledged Mr. Clark's contribution as essential and further
acknowledged that his compensation for these efforts had not been adequate.
Therefore, the Board awarded Mr. Clark a bonus of 1.25 million shares of
Renegade common stock. This award bonus is inclusive of all shares approved by
the Board on October 22, 2002 and is contingent upon the recovery by Renegade
from Old Mission Assessment Corporation (OMAC) of the 2.9 million shares already
in issue. The shares were to be restricted for one year and the Company was to
have first right of purchase thereafter.

 Subsequently, in June of 2003, Mr. Clark and the Company reached a mediated
agreement, wherein Mr. Clark will be paid a monetary settlement, rather than
stock, through Company payment on a note. The note will also cover interest and
principal of a prior Company borrowing. Additionally, the Company will purchase
inventory on consignment by means of payment on a second note. The final
agreement related to this mediation was executed during the third quarter of
2003 and its basic terms were properly reflected in the financial statements
filed for the second quarter ending, June 30, 2003.

On September 1, 2003 by Unanimous Consent of the Board of Directors in Lieu of
the Special Meeting Gordon D. Hamilton was appointed to the Board of Directors
of the Company as a director, with all the rights, responsibilities and
privileges pertaining thereto. Mr. Hamilton shall receive no compensation for
his services as a director unless otherwise agreed to in writing by the Board.

                                       18

<PAGE>


ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K


     (a)  Exhibits

10.1       Promissory Note
10.2       Promissory Note
10.3       Promissory Note
31.1       Certification of Chief Executive Officer, Mr. Ian Herman
31.2       Certification of HAT President, Mr. John Sawyer
31.3       Certification of Principal Financial Officer, Ms. Patricia Graham
32.1       Certification of Mr. Ian M. Herman

     (b)  Reports on Form 8-K

     Report on form 8-K was filed on August 8, 2003 covering Item 1. Changes in
Control of Registrant, Item 5. Other Events, and Item 7. Financial Statements
and Exhibits. The exhibits were 2 employment agreements dated July 21, 2003


     Report on form 8-K was filed on September 11, 2003 covering Item 5. Other
Events, and Item 7. Financial Statements and Exhibits. The exhibits were 2
employment agreements dated August 28, 2003 and restating the agreements
presented in 8-K files on August 8, 2003.



                                   SIGNATURES

     In accordance with the requirements of the Exchange act, the Registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized individual.

     Date:  November 14, 2003

     RENEGADE VENTURE (NEV.) CORPORATION

                                            By:  /s/  Ian Herman
                                               --------------------------------
                                                      Ian Herman,
                                                      Chief Executive Officer
                                                      And Chief Financial
                                                      Officer