UNITED STATES
                       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 March 31, 2005

                          Commission File No. 0-28575

                         GLOBAL AIRCRAFT SOLUTIONS, INC.
                  Formerly 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
incorporation or organization)                               Identification No.)


 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 March 31, 2005 are as follows:


            Class of Securities                     Shares Outstanding
        -----------------------------               ------------------
        Common Stock, $.001 par value                  30,700,386


<PAGE>


                                      INDEX


                          PART I. FINANCIAL INFORMATION


Item 1.  Financial Statements.

         Condensed Consolidated Balance Sheets:

         As of December 31, 2004 (audited) and March 31, 2005
          (unaudited)..................................................  3

         Condensed Consolidated Statements of Operations:

         For the three months ended March 31, 2004 and
          2005 (unaudited).............................................  5

         Consolidated Statement of Changes in Stockholders' Equity:

         For the year ended December 31, 2004 (audited) and three
          months ended March 31, 2005 (unaudited)......................  6

         Consolidated Statements of Cash Flows:

         For the three-month period ended March 31, 2004 and 2005
          (unaudited).................................................   7

         Notes to Financial Statements (unaudited).....................  8


Item 2.  Management's Discussion and Analysis or Plan of Operation..... 15

Item 3.  Controls and Procedures....................................... 19


                           PART II. OTHER INFORMATION


Item 5. Other Information.............................................. 20

Item 6. Exhibits....................................................... 20

         Signatures.................................................... 20

         Certifications................................................

<PAGE>


ITEM 1. FINANCIAL STATEMENTS.
<TABLE>
<CAPTION>

                                GLOBAL AIRCRAFT SOLUTIONS, INC.
                             Condensed Consolidated Balance Sheet
                             December 31, 2004 and March 31, 2005


                                            ASSETS
                                                                     2004                   2005
                                                                  (audited)              (unaudited)
                                                                 -----------             -----------
<S>                                                              <C>                      <C>
CURRENT ASSETS
Cash and cash equivalents                                        $   549,904             $    33,431
Accounts receivable                                                4,766,215               2,813,536
Note receivable                                                      175,642                 252,553
Costs and estimated earnings on uncompleted contracts in                                   1,242,502
excess of billings
Inventory                                                          3,435,644               3,398,110
Other current assets                                                 380,932                 634,690
                                                                 -----------             -----------

  TOTAL CURRENT ASSETS                                           $ 9,308,337             $ 8,374,822

Property, plant and equipment                                      1,625,034               1,550,153
Investment                                                            25,000                  25,000
Goodwill                                                             597,724                 597,724
Assets held for sale                                                 212,500                 157,292
Other assets                                                         151,793                  70,250
                                                                 -----------             -----------

  TOTAL ASSETS                                                   $11,920,388             $10,775,241
                                                                 ===========             ===========

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


<PAGE>


                                      GLOBAL AIRCRAFT SOLUTIONS, INC.
                                   Condensed Consolidated Balance Sheet
                                  December 31, 2004 and March 31, 2005


                                 LIABILITIES AND STOCKHOLDERS' EQUITY

                                                                     2004                      2005
                                                                   (audited)                (unaudited)
                                                                 ------------              ------------
CURRENT LIABILITIES
Notes payable - short term                                       $                         $    236,046
Notes payable - related party
Accounts payable - trade                                            2,955,775                 2,193,689
Accounts payable - related party
Due to factor                                                         604,411                   533,740
Customer deposits                                                     280,537                    90,746
Billings in excess of costs and estimated
  earnings on contracts in progress                                   966,238
Accrued liabilities                                                   844,709                   263,041
Commitments and contingencies
                                                                 ------------              ------------

  TOTAL CURRENT LIABILITIES                                      $  5,651,670              $  3,317,262

LONG-TERM LIABILITIES
Notes payable - long term portion                                                               475,575
                                                                 ------------              ------------

  TOTAL LONG-TERM LIABILITIES                                                              $    475,575
                                                                 ------------              ------------

  TOTAL LIABILITIES                                                 5,651,670                 3,792,837
                                                                 ============              ============

STOCKHOLDERS' EQUITY
Common stock, $.001 par value, 50,000,000 shares
  authorized 30,650,386 and 30,700,386 shares issued
  2004 and 2005 and 30,650,386 and 30,700,386 shares
  outstanding 2004 and 2005                                            31,280                    31,330
Additional paid-in capital                                          6,976,700                 6,991,650
Deferred compensation
Contributed capital                                                   620,289                   620,289
Retained earnings                                                  (1,359,551)                 (660,865)
                                                                 ------------              ------------

  TOTAL STOCKHOLDERS' EQUITY                                        6,268,718                 6,982,404
                                                                 ============              ============

  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                     $ 11,920,388              $ 10,775,241
                                                                 ============              ============

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

<PAGE>


                                GLOBAL AIRCRAFT SOLUTIONS, INC.
                       Condensed Consolidated Statement of Operations
                     For the Three Months ended March 31, 2004 and 2005
                                      (unaudited)

                                                               Three Months ended March 31,
                                                              2004                      2005
                                                          -----------                -----------

Net sales                                                 $ 4,286,031                $ 8,652,236

Cost of sales                                              (2,851,618)                (6,299,197)
                                                          -----------                -----------

Gross profit                                                1,434,413                  2,353,039

Selling, general and administrative expense                  (835,599)                (1,588,140)
Inventory write down                                          (49,653)                   (55,208)
Penalties                                                     (35,806)
                                                          -----------                -----------

Gain (loss) from operations                                   513,355                    709,691

Other income (expense):
     Interest income                                           30,121                     30,064
     Interest expense                                         (94,994)                  (133,791)
     Discounts taken                                            1,737                     17,715
     Miscellaneous expense                                     (7,506)                    (1,130)
     Miscellaneous income                                                                 75,052
     Gain on renegotiation of contracts                       312,654
                                                          -----------                -----------

Net profit (loss), Before taxes                               755,367                    698,731
     Arizona Income Tax                                                                      (45)
                                                          -----------                -----------

Net profit (loss), After taxes                            $   755,367                $   698,686
                                                          ===========                ===========

Net profit (loss) per share, Basic                               0.04                       0.02
Net profit (loss) per share, Fully diluted                $      0.04                $      0.02
                                                          ===========                ===========

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

<PAGE>


                                      GLOBAL AIRCRAFT SOLUTIONS, INC.
                                  Consolidated Statement of Changes in
                               Stockholders' Equity For the Year ended December
                               31, 2004 and the Quarter ended March 31, 2005

                                               Additional                                           Stockholder
                             Common Stock        Paid-in   Contributed   Deferred     Accumulated    Earnings/
                      ----------------------     Capital     Capital   Compensation      Deficit      Equity
                        Shares        Amount     Amount      Amount        Amount        Amount       Amount
---------------------------------------------------------------------------------------------------------------

    Balance           17,480,000      18,110   2,412,123    620,289      (332,000)    (3,870,213)   (1,151,691)
  December 31,
      2003

 1st Qtr, 2004

Net Income/Loss                                                                          755,367

  Compensation                                                             12,000
    expensed

  2nd Qtr, 2004

Net Income/Loss                                                                          843,567

  Shares issued    1   9,600,000  A    9,600   3,009,600

    Shares                             1,000     499,000
    pledged

 3rd Qtr, 2004

Net Income/Loss                                                                          678,655

 Shares issued    2    1,000,000  B
   (pledged)

 Shares issued    3    2,570,386  C    2,570   1,055,977
 Shares vested                                                            320,000

 4th Qtr, 2004

Net Income/Loss                                                                          233,073

    Balance           30,650,386      31,280   6,976,700    620,289             0     (1,359,551)    6,009,980
  December 31,
      2004

 1st Qtr, 2005

Net Income/Loss                                                                          698,686

 Shares issued    4      50,000   D       50      14,950

 Balance March    5   30,700,386      31,330   6,991,650    620,289             0       (660,865)    6,982,404
    31, 2005


The accompanying notes are an integral part of these condensed consolidated
 financial statements. See Note 3 covering Stock, Stock Options, and Warrants
 for notes on items 1 through 5 and A through D

<PAGE>


                            GLOBAL AIRCRAFT SOLUTIONS, INC.
                         Consolidated Statement of Cash Flows
                  For the Three Months ended March 31, 2004 and 2005
                                    (unaudited)

                                                                Three Months ended
                                                                     March 31,
                                                           2004                     2005
                                                       -----------               -----------

Increase (Decrease) in Cash and Cash Equivalents:

Cash flows from operating activities:
    Net Profit/(Loss)                                  $   755,367               $   698,686

Adjustments to reconcile net proft to net cash
  provided (used) by operating activities:
    Depreciation                                            38,510                   114,162
    Allowance for Doubtful Accounts
    Inventory write downs                                   46,875                    55,208
    Gain from renegotiation                               (312,654)
    Expenses paid with stock                                29,481                    28,983

Changes in Assets and Liabilities:
    Accounts receivable                                      2,238                 2,217,503
    Prepaid expenses                                        33,722                  (282,741)
    Costs and estimated earnings in excess of
      billings on contracts in progress                                           (1,242,502)
    Inventory                                             (298,585)                  (17,676)
    Assets held for sale
    Restricted Funds                                          (245)
    Other current assets                                   (19,596)                  (25,118)
    Other non-current assets                                  --                      55,208
    Accounts payable-trade                                 248,751                (1,026,909)
    Accounts payable-related party                          56,737                    (6,219)
    Due to factor                                          (51,613)                  (70,670)
    Customer deposits                                                               (189,791)
    Billings in excess of cost and estimated
       earnings on contracts in progress                   127,596                  (966,238)
    Income tax payable                                    (566,572)
    Accrued liabilities                                    151,378                  (575,449)

Net cash provided by/(used for) operating
activities                                                 241,390                (1,233,563)

Cash flows from investing activities:
    Purchase of property, plant and equipment              (40,443)                  (39,281)

Net cash used for investing activities                     (40,443)                  (39,281)

Cash flows from financing activities:
    Notes payable                                         (544,052)                  236,046
    Notes payable - related party
    Long Term Debt                                                                   475,575
    Issuance of stock                                                                     50
    Paid in capital                                                                   14,950
    Note receivable                                          8,145                    29,750
    Note receivable - related party                          6,400

Net cash provided by/(used for) financing
activities                                                (529,507)                  756,371


Net increase(decrease) in cash and cash
equivalents                                               (328,560)                 (516,473)
Cash and cash equivalents at beginning of period           599,036                   549,904

Cash and cash equivalents at end of period                 270,476                    33,431
                                                       ===========               ===========
</TABLE>

Interest paid for the quarter ended March 31, 2004 was $131,140; Interest paid
for the quarter ended March 31, 2005 was $133,791. Taxes paid during the quarter
ended March 31, 2004 were $0; Taxes paid during the quarter ended March 31, 2005
were $45.00.

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

<PAGE>


                         GLOBAL AIRCRAFT SOLUTIONS, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2005


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 Global
Aircraft Solutions, Inc. ("Global") formerly Renegade Venture (NEV.) Corporation
and its wholly owned subsidiaries, Hamilton Aerospace Technologies, Inc.
("HAT"), Johnstone Softmachine Corporation ("Johnstone"), and World Jet
Corporation ("World Jet") collectively, the ("Company"). Global acquired HAT and
Johnstone on April 30, 2002. For accounting purposes, the HAT/Global transaction
was treated as an acquisition of Global by HAT and as a recapitalization of
Global. The acquisition of 100 per cent of World Jet stock was finalized July
15, 2004, with an effective date of January 1, 2004. The financial statements
reflect the accounting activity of HAT since its inception, April 5, 2002 and of
World Jet since January 1, 2004. Johnstone is currently inactive.


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Use of Estimates

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements, and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.


Trade Accounts Receivable

Trade accounts receivable represent amounts billed but uncollected on both
completed and in-progress aircraft repair and maintenance contracts as well as
amounts billed but uncollected on parts shipped to customers.

Accounts receivable are stated at the amount management expects to collect from
outstanding balances. Management provides for probable uncollectible amounts
through a charge to earnings and a credit to a valuation allowance based on its
assessment of the current status of individual accounts. The allowance is
estimated as a percentage of accounts receivable based on a review of accounts
receivable outstanding and the Company's prior history of uncollectible accounts
receivable. Balances that are still outstanding after management has used
reasonable collection efforts are written off through a charge to the valuation
allowance and a credit to trade accounts receivable. Changes in the valuation
allowance have not been material to the financial statements.


Inventory

Inventories are stated at the lower of cost (first-in, first-out) or market.


Property and Equipment

Property and equipment are recorded at cost. Depreciation is provided for on the
straight-line method over the estimated useful lives of the assets. The
estimated useful life of computer equipment and software is three years at both
our HAT and World Jet subsidiaries; the estimated useful life of all other
categories of assets is five years at our HAT subsidiary; World Jet uses
estimated useful lives of 3,5 and 7 years for its other assets. Amortization of
leasehold improvements is computed using the shorter of the lease term or the
expected useful life of the assets. Maintenance and repairs that neither
materially add to the value of the property nor appreciably prolong its life are
charges to expense as incurred. Betterments or renewals are capitalized when
incurred.

The Company reviews the carrying value of property, plant and equipment for
impairment whenever events and circumstances indicate that the carrying value of
an asset may not be recoverable from the estimated future cash flows expected to
result from its use and eventual disposition. In cases where undiscounted
expected future cash flows are less than the carrying value, an impairment loss

<PAGE>


is recognized equal to an amount by which the carrying value exceeds the fair
value of assets. The factors considered by management in performing this
assessment include current operating results, trends and prospects, as well as
the effects of obsolescence, demand, competition and other economic factors.


Revenue and Cost Recognition

Revenues from fixed-fee contracts for MRO 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. The cumulative catch-up method is used to
account for changes in estimates of total revenues, total costs or extent of
progress. Each project is considered complete when the subject aircraft departs
our facility. 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. During the periods covered by these financial statements, no
material prior period revisions were necessary. As of March 31,2005 there are no
material amounts in excess of the agreed contract price that the Company seeks
to collect from customers or others for customer caused delays, error in
specifications or design, contract termination, change orders in dispute or
unapproved as to both scope and price, or other causes of unanticipated
additional costs. Revenue from part sales is recognized when parts are shipped.
Revenues from time and material contracts and all other ancillary services are
recognized as the services are performed.


The following table shows a breakdown of sales by category that comprise total
Net Sales and total Cost of Sales for the periods presented:

                                       Three months ended March 31,
                                       ---------------------------
                                          2004             2005
                                       ----------       ----------
          Sales

          Labor                        $3,073,733       $3,692,035
          Parts                         1,150,586        2,434,191
          Aircraft Sales/Engines                         1,526,331
          Other Services                   61,712           46,594
          Commissions                                      953,085

          Net Sales                    $4,286,031       $8,652,236

          Cost of Sales

          Labor                       $ 1,919,812       $3,280,079
          Parts                           930,752        1,953,604
          Aircraft Sales/Engines                         1,056,379
          Other Services                    1,054            9,135
          Commissions

          Total Cost of Sales         $ 2,851,618       $6,299,197


Income (Loss) per share - Basic earnings per share includes no dilution and is
computed by dividing net earnings (loss) available to stockholders by the
weighted number of common shares outstanding for the period. Diluted earnings
per share reflect the potential dilution of securities that could share in the
Company's earnings.
<TABLE>
<CAPTION>


 CALCULATION OF WEIGHTED EPS
 -----------------------------------------------------------------------------------------------
 Three months ended March 31, 2005
 -----------------------------------------------------------------------------------------------
 Issues                                    Shares O/S  Dates                 Days   Average
 ----------------------------------------- ----------- --------------------- ------ ------------
<S>                                        <C>         <C>                   <C>    <C>
                                           30,650,386  01/01/05 - 01/18/05    17     5,789,518

 50,000                                    30,700,386  01/18/04 - 03/31/05    73    24,901,427
                                               A       Total shares                 30,690,945

                                               B       Net income for
                                                       period                          698,686

                                              B/A         BASIC EPS                     .02

<PAGE>


 CALCULATION OF FULLY DILUTED
------------------------------------------------------------------------------------------------
 Average price of shares                   .795
 Options under                             .795
 (see table of outstanding                                720,000 shares
 warrants, options below)                                 900,000 shares
                                                        7,740,000 shares
                                                          100,000 shares              9,460,000
                                                A       Shares from A above          30,690,945

                                                C       Fully diluted                40,150,645

                                               B/C      Fully diluted EPS                .02

 CALCULATION OF WEIGHTED EPS
 ----------------------------------------- ----------- --------------------- ------ ------------
 Three months ended March 31, 2004
 ----------------------------------------- ----------- --------------------- ------ ------------
 Issues                                    Shares O/S  Dates                 Days   Average
                                           17,480,000  01/01/04 - 03/31/04    91    17,480,000

                                               A       Total shares                 17,480,000

                                               B       Net income for
                                                       period                          755,367

                                              B/A         BASIC EPS                        .04

 CALCULATION OF FULLY DILUTED

 No outstanding warrants or options                    Fully diluted EPS                   .04
</TABLE>


Goodwill

The Company evaluates the carrying value of goodwill annually and between annual
evaluations if events occur or circumstances change that would more likely than
not reduce the fair value of a reporting unit below its goodwill carrying
amount. Such circumstances could include but are not limited to:

     1.   a significant adverse change in legal factors or in business climate
     2.   unanticipated competition
     3.   an adverse action or assessment by a regulator.

When evaluating whether goodwill is impaired, the Company compares the fair
value of the reporting unit to which the goodwill is assigned to that unit's
carrying amount, including goodwill. If the carrying amount of a reporting unit
exceeds its fair value, then the amount of the impairment loss must be measured.
The total of the implied fair value of all the other assets and liabilities of
the unit, based on their fair value, less the total amount assigned to those
assets and liabilities is the implied fair value of goodwill. An impairment loss
would be recognized when the carrying amount of the goodwill exceeds its implied
fair value.


Recently Issued Accounting Pronouncements

     FASB Interpretation 46R "Consolidation of Variable Interest Entities", as
revised (FIN 46R), requires that variable interest entities created before
December 31, 2003 be consolidated during the first interim period beginning
after December 15, 2003. Accordingly, on January 1, 2004, we adopted FIN 46R and
the initial application had no impact on our financial statements.

     In January, 2004 the Financial Accounting Standards Board issued Statement
of Financial Accounting Standards No. 132 (revised 2003) "Employers' Disclosures
about Pensions and Other Postretirement Benefits", an amendment of FASB
Statements No. 87, 88, and 106. The Statement revises employers' disclosures
about pension plans and other postretirement benefit plans. The statement
retains the disclosure requirements contained in FASB Statement No. 132, which
it replaces, and requires additional annual disclosures about the assets,
obligations, cash flows, and net periodic benefit cost of defined benefit
pension plans and other defined benefit postretirement plans. Statement No. 132R
requires us to provide disclosures in interim periods for pensions and other
postretirement benefits. We adopted Statement No. 132R in the quarter ended
March 31, 2004 and the initial application had no impact on our financial
statements.

     In May 2004, the Financial Accounting Standards Board issued a staff
position, FSP 106-2, "Accounting and Disclosure Requirements Related to the
Medicare Prescription Drug, Improvement and Modernization Act of 2003". FSP
106-2 provides guidance on accounting for the effects of the Medicare
Prescription Drug Improvement Act of 2003 for employers that sponsor
postretirement healthcare plans that provide prescription drug benefits. The
initial application of FSP 106-2 will have no impact in the Company's financial
statements.

<PAGE>


In November, 2004, the FASB issued SFAS No. 151, "Inventory Costs an amendment
of ARB No. 43, Chapter 4." This Statement clarifies the accounting for abnormal
amounts of idle facility expense, freight, handling costs, and wasted materials.
This Statement is effective for inventory costs incurred during fiscal years
beginning after June 15, 2005. The initial application of SFAS No. 151 will have
no impact on the Company's financial statements.

In December 2004, the FASB issued SFAS No. 152, "Accounting for Real Estate
Time-Sharing Transactions - an amendment of FASB Statements No. 66 and 67." This
Statement references the financial accounting and reporting guidance for real
estate time-sharing transactions that is provided in AICPA Statement of Position
04-2, "Accounting for Real Estate Time-Sharing Transactions." This Statement
also states that the guidance for incidental operations and costs incurred to
sell real estate projects does not apply to real estate time-sharing
transactions. This Statement is effective for financial statements for fiscal
years beginning after June 15, 2005. The initial application of SFAS No. 152
will have no impact on the Company's financial statements.

In December 2004, the FASB issued SFAS No. 153, "Exchanges of Nonmonetary Assets
- an amendment of APB Opinion No. 29." This Statement eliminates the exception
for nonmonetary exchanges of similar productive assets and replaces it with a
general exception for exchanges of nonmonetary assets that do not have
commercial substance. A nonmonetary exchange has commercial substance if the
future cash flows of the entity are expected to change significantly as a result
of the exchange. This Statement is effective for nonmonetary asset exchanges
occurring in fiscal periods beginning after June 15, 2005. The Company does not
expect application of SFAS No. 153 to have a material affect on its financial
statements.


3. STOCK, STOCK OPTIONS AND WARRANTS

In January, 2005, 50,000 options, issued as compensation for outside consultancy
services, were exercised at the option price of $.30 per share.


               Schedule of stock, warrants and options issued and
                         outstanding at March 31, 2005

Common Shares Issued and Outstanding                                30,700,386


Unconverted Warrants issued
                                                          @0.34        720,000
                                                          @0.68      7,740,000
                                                          @1.00      1,057,693
                                                          @1.36      8,797,693
                                                                   -----------
                       Subtotal                                     18,315,386

Options issued
                                                          @0.17        900,000
                                                          @0.20        100,000
                                                                   -----------
                       Subtotal                                      1,000,000

Options pending under employment contracts,
   unvested at March 31, 2005                             @0.60        330,000
                                                                   -----------

                            Total                                   50,295,772


Notes referenced on Consolidated Statement of Changes in Stockholders' Equity:

     1.   Sale of shares to Barron Partners under Rule 506 of Regulation D of
          SEC Act of 1933.
     2.   Shares issued to selling shareholder pursuant to a stock purchase
          agreement for 100% of the shares of World Jet Corporation.
     3.   2,115,386 shares as follows:
          o    288,462 shares to Whalehaven Capital Fund Limited
          o    384,616 shares to Stonestreet Limited Partnership;
          o    1,250,000 shares to Alpha Capital;
          o    192,308 shares to Greenwich Growth Fund
          All as a sale of shares under Rule 506 of Regulation D of SEC Act of
          1933.

<PAGE>


     4.   Shares issued upon exercise of options; 50,000 shares at an option
          price of $0.30 per share.
     5.   The Board of Directors has voided, due to lack of consideration,
          1,500,000 shares of common stock issued to issued to Seajay Holding
          Company, Inc. On June 29, 2004, the Board, through its attorney, filed
          suit to recover these 1,500,000 shares. There have been no entries in
          the accompanying financial statements related to the voiding of the
          Seajay stock. And these shares are included in the shares issued and
          outstanding shown above and are included as shares issued and
          outstanding in the calculation of earnings per share.

          A.   9,600,000 shares issued see note 1 above.
          B.   1,000,000 shares issued see note 2 above.

          C.   2,115,386 shares issued see note 3 above.
                    400,000 shares issued for legal services and web site
                    collaboration, value expensed over a two period.

                    55,000 shares issued upon exercise of options granted for
                    consultancy services.

          D.   50,000 shares issued upon exercise of options granted for
               consultancy services.


4. TRADE ACCOUNTS RECEIVABLE

As of March 31,2005, trade accounts receivable consisted of the following:

                                                  March 31,        December 31,
                                                    2005               2004
                                                 -----------        -----------
                                                  Unaudited           Audited

Contracts in progress                            $   118,621        $ 1,961,319
Completed contracts                                2,748,064          2,858,045
                                                 -----------        -----------

                                                 $ 2,866,685        $ 4,819,364

Less: allowance for doubtful accounts                (53,149)           (53,149)
                                                 -----------        -----------

                                                 $ 2,813,536        $ 4,766,215
                                                 ===========        ===========


5. CONTRACTS IN PROGRESS

At March 31, 2005 costs and estimated earnings in excess of billings and
billings in excess of costs and estimated earnings on uncompleted contracts
consisted of the following:

                                                    March 31,       December 31,
                                                      2005            2004
                                                   -----------      ------------
                                                    Unaudited        Audited

Costs incurred on uncompleted contracts            $   808,822      $   152,225

Profit earned to date                                  641,600          193,741
                                                   -----------      -----------

                                                   $ 1,450,422      $   345,966
   Less: Billings to date                           (1,300,583)        (719,000)
                                                   -----------      -----------

                                                   $   149,839      $  (373,034)
                                                   ===========      ===========

Included in the accompanying balance sheet at March 31, 2005 and December 31,
2004 under the following captions:

     Costs and estimated earnings in excess of billings on uncompleted contracts
and Billings in excess of costs and estimated earnings on uncompleted contracts,
respectively.

<PAGE>


                                                          2005           2004
                                                      ----------     ----------
                                                       Unaudited       Audited

Costs and estimated earnings in excess from above     $  149,839
Billings in excess from above                                        $  373,034
Time and material, unbilled                            1,092,663        (49,348)
                                                      ----------     ----------

                                        Net           $1,242,502     $  323,686
                                                      ==========     ==========

Billings in excess are the result of amounts due rom customers under
contractual terms, which can be, in some cases, in advance of actual work
performed.


6.  INVENTORY

Inventories consisted of the following:


                                                  March 31,        December 31,
                                                    2005              2004
                                                  ---------        ------------
                                                  Unaudited          Audited

Maintenance Hardware                                 893,373        $  991,206
Parts for Resale                                   2,278,749         2,217,820
Aircraft & Engines                                   225,988           226,618
                                                  ----------        ----------

                                                  $3,398,110        $3,435,644
                                                  ==========        ==========


7. PROPERTY AND EQUIPMENT

                                                   March 31,        December 31,
                                                     2005               2004
                                                   ---------        ------------
                                                   Unaudited           Audited

   Gross Asset Value
Land and improvements                              $   25,094        $   25,094
Buildings and improvements                            170,560           170,560
Vehicles                                               73,328            73,328
Computers and Software                                294,161           289,561
Other office equipment                                 52,004            50,805
Machinery and equipment                             1,597,141         1,563,659
                                                   ----------        ----------

     Sub Total                                     $2,212,288        $2,173,007

Less accumulated depreciation                         662,135           547,973
                                                   ----------        ----------

Property and equipment, Net                        $1,550,153        $1,625,034
                                                   ==========        ==========

During 2004, depreciation expense was $211,226 and depreciation expense was
$114,162 during the 1st quarter of 2005. World Jet had $111,655 in pre-2004
depreciation when acquired)


8. DUE TO FACTOR

As of March 31, 20005, the Company's subsidiary, World Jet, had placed invoices
belonging to various customers, in full recourse financing. The debt is secured
by the World Jet's accounts receivable due from customers and bears interest at
a rate as high as 37.5% per annum as of this date. The total amount of invoices
placed is $707,160.07 on which the factor advanced $533,740.78. As of March 31,
2004, the customers made payment totaling $474,208.66, leaving a balance due to
the factor of $232,957.41 payable by customers. No interest is being charged to
customers. Interest due to the factor as of March 31, 2005 was $32,912.09.

<PAGE>


9. GOING CONCERN

The accompanying consolidated financial statements have been prepared assuming
the Company will continue as a going concern. The Company had incurred losses,
since acquiring HAT, in April of 2002 through December 2003. Since HAT is now
profitable, Global can, if necessary, meet its financial requirements
internally. Management is also interested in securing additional funding for the
purpose of certain productivity improving or synergistic acquisitions and other
asset-based business opportunities. The Company is currently pursuing additional
capital for growth and strategic plan implementation. The Company has filed a
registration statement with the United States Securities and Exchange Commission
in pursuit of meeting these requirements.


<PAGE>


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 Global Aircraft solutions, Inc. ("Global") and its wholly owned subsidiaries
Hamilton Aerospace Technologies Inc., "HAT", and World Jet Corporation, "World
Jet", 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 Global, HAT, World Jet, or its
management, are intended to identify forward-looking statements. These
statements reflect management's current view of Global, HAT, and World Jet
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,
our ability to generate sufficient working capital to meet our operating
requirements and service our indebtedness, 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.


                                     PART 1

The following discussion and analysis should be read in conjunction with the
information set forth under "Management's Discussion and Analysis of Financial
Condition and Results of Operations in our annual report on form 10-KSB for
2004. Global Aircraft Solutions, Inc. ("Global"), formerly Renegade Venture
(Nev.) Corporation, 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
GACF. On May 2, 2002, Global 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
("MRO") 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. On July 25,
2004, Global acquired 100 percent of the common stock of World Jet Corporation
("World Jet"), a privately owned Nevada corporation. World Jet, incorporated in
1997, is an aviation parts sales company servicing aircraft operators, aircraft
leasing companies and MRO facilities. The acquisition of World Jet had an
effective transaction date of January 1, 2004 and the World Jet results of
operations are included in all quarters of calendar year 2004.


Global's plan of operation for the immediate future includes seeking and
acquiring, if possible, aviation industry related businesses to complement its
HAT and World Jet subsidiaries. Additionally, the Company will seek to expand
HAT and World Jet by organic growth. Global will not limit its search for
business combination candidates to any particular geographical area. Management
of Global 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 increase value for Global's shareholders.

Company management has rejected a policy of growth for growth's sake in favor of
focusing on profitability and building a good reputation for the Company and its
subsidiaries by limiting contracts to those perceived to have a high probability
of success. This strategy is also beneficial to the Company's marketing efforts
in that a good track record of maintenance and modification contracts, delivered
successfully on-time and on-budget, is by far the most potent tool for securing
new work contracts; and expedited delivery of parts at a competitive price leads
to greater volume of parts sales. In managing its operations, the Company is
committed to continuously evaluating the adequacy of its management structure
and its existing systems and procedures; including its quality control,
financial, and internal controls systems. The Company is focused on maintaining
a small, but tightly knit and multi-tasking, highly experienced management team.

In the United States, the Federal Aviation Administration (FAA) regulates the
manufacture, repair, overhaul and operation all aircraft and aircraft equipment
operated in the U.S. The FAA must certify each authorized repair station, and
certified facilities are issued an Air Agency Certificate. Each certificate
contains rating and limitations that specifically authorize the repair station
to only perform certain types of services on specific makes and models of
aircraft. 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.

<PAGE>


World Jet is a seller/broker of aircraft parts which is not an operation or
activity which is regulated by the FAA or any other governing body or
governmental agency; however, any aircraft parts sold by World Jet must be
accompanied by documentation verifying that such part is traceable to either an
FAA approved manufacturer, overhaul or repair facility, or an FAA certificated
operator. In furtherance of satisfying customers that World Jet does sell and
broker parts that are traceable to FAA certification, World Jet voluntarily
participates in the Airline Suppliers Association which requires an annual audit
of suppliers of aircraft parts to verify that such supplier maintains the proper
traceability documents, properly tags aircraft parts in support of such
traceability and maintains proper packaging and storage of aircraft parts. In
addition to the foregoing, World Jet also certifies to each customer that any
part or material sold was not involved in any incident and is not government
surplus.

HAT competes principally on the high quality of its services and its price
competitiveness due to its location in the Southwest. Location related benefits
include low labor rates; a dry, mild climate enabling HAT to do many MRO
projects outdoors; and low overhead. World Jet competes on price competitiveness
and expedited delivery of parts. World Jet has spent years acquiring inventories
at deep discounts and this inventory is the type HAT uses on a daily basis.
World Jet's customer base includes airlines, aircraft leasing companies and MRO
facilities. The large aircraft repair business and the aircraft parts sales
business are 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 and World Jet's services.


                  RECENT DEVELOPMENTS AFFECTING OUR OPERATIONS

The September 11th terrorist attacks carried out against the United States of
America in 2001 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 MRO facilities that depend significantly on airline
customers, which HAT and World Jet do not. While airlines have seen increases
and 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 general state of the economy could
quite possibly produce negative impact on the aviation industry.


                              RESULTS OF OPERATIONS

As a holding company, the bulk of our day-to-day operations are currently and
were as of March 31,2005, conducted by our operating subsidiaries, HAT, which
was organized on April 5, 2002 and began operations on April 15, 2002, and World
Jet, which was acquired July 25, 2004, with an effective date of January 1,
2004. Management elected, beginning in 2005, to conduct our aircraft trading
operations under the parent company Global Aircraft Solutions, Inc.

HAT operating revenues consist primarily of service revenues and sales of
materials consumed while providing services. World Jet revenues consist
primarily of sales of aircraft parts. Cost of sales consists primarily of labor
and materials, cost of parts and freight charges. 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 MRO 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.

Operating revenue for the three months ended March 31, 2005 was $8,652,236,
which was bolstered by the inclusion of $1,525,000 in revenue from aircraft
trading operations. Our operating revenue for the three months ended March 31,
2005 was approximately twice the $4,286,031 that was earned during the same
period in 2004. The following table indicates the major sources of these
revenues:
<PAGE>
<TABLE>
<CAPTION>


               Revenue breakdown 1st Quarter, 2005                   Revenue breakdown 1st  Quarter, 2004
                                                     (millions)                                            (millions)

<S>                                                  <C>                                                   <C>
HAT            MRO activity                          $4.922         MRO activity                           $3.324
               Commissions                           $ .680         Commissions                            $
               Parts                                 $ .082         Parts                                  $
               Other services                        $ .047         Other services                         $ .032

World Jet      Part Sales, less Intercompany         $1.123         Part Sales, less Intercompany          $ .700
               Commissions                           $ .023         Commissions                            $

Global         AC Sales                              $1.525         Mesa manpower contract                 $ .200
               Commissions                           $ .250         Mesa facility usage fees               $ .030
</TABLE>


Gross profit for the first quarter of 2005 was $2,353,039 while gross profit for
the first quarter of 2004 was $1,434,413, a 64% increase. During the first
quarter of 2005, 51% of HAT's revenue came from its top five customers, 36% of
Word Jet's revenue, after intercompany eliminations, was derived from its top 4
customers.

While the Company aggressively seizes revenue-producing opportunities such as
aircraft sales, management gauges results by looking at what historically has
been the core revenue producing activity, the sale of labor hours. In the first
quarter of 2005, revenue produced from labor was $3,692,035 as compared with
$3,073,733 the first quarter of 2004. This represents an increase of 20%. The
comparative costs for all direct labor, including work performed by outside
contractors, was $2,642,316 in the first quarter of 2005 compared with
$1,425,491 for the same period in 2004, representing a 85% increase in cost. All
direct labor costs were 46% of sales in first quarter of 2005 compared with 40%
in the first quarter of 2004. Billable labor hours increased from 44,464 in the
first quarter of 2004 to 79,010 in the first quarter of 2005, an increase of
78%.

Results in the first quarter, ended March 31, 2005, reflect management's
election to seize several unique opportunities in late 2004, related to aircraft
trading, which produced an unexpectedly large volume of work that HAT was
required to produce in order for the Company to perform the aircraft trading
transactions. The short-term decrease in HAT's profitability that was
anticipated by management continued through part of the 1st quarter of 2005.
Management accepted the decrease as a reasonable exchange for the long-term
benefits anticipated from the increased productive capacity of HAT and the
development of Global as an aircraft trading company. During the first three
quarters of 2004, as a result of being selective in the work booked, a
considerable increase in efficiencies was experienced due to a smaller, highly
skilled, stable work force. A substantial sudden increase in volume, such as HAT
underwent in the fourth quarter of 2004 that continued into the first quarter of
2005, can be expected to have a temporary impact on efficiencies but management
is confident that timely adjustment to the increased volume will be made and
profitability will benefit over time.

Management is cautiously optimistic that our adeptness at garnering jobs with
the likelihood of similar high gross profit potential and our continued
vigilance at holding down costs will be sustainable for the remainder of 2005.
HAT's option of being selective in the work booked is due to their growing
reputation for providing quality, on-budget, on-time deliveries to their
customers. HAT and World Jet are experiencing success in securing new customers
and securing more business from existing customers as well.

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.

Company SG&A expenses were $835,599 for the first quarter of 2004 and as a
percentage of revenues were 20%. The same period in 2005 showed SG&A expenses of
$1,588,140, which was 18% as a percentage of revenues. Management's continued
efforts to control costs remain a high priority for the remainder of 2005.

Interest expense for the Company, during the first quarter of 2005, was
$133,791.


The following tables depict our results of operations for the first quarter of
2005 and for the first quarter of 2004 on a stand-alone basis and a consolidated
for Global, HAT and World Jet:

<TABLE>
<CAPTION>

1st Quarter 2005
                                  Global         HAT       World Jet    Intercompany
                                Stand-Alone  Stand-Alone  Stand-Alone   Eliminations  Consolidated
                                -----------  -----------  -----------   ------------  ------------

<S>                             <C>           <C>          <C>           <C>           <C>
Revenues                        1,775,000     5,730,920    2,255,788     1,109,472     8,652,236
  Less:  Cost of sales            975,000     4,879,870    1,609,007     1,109,472     6,354,405
  Less:  Expenses                 549,231       677,609      361,300                   1,588,140
Pre-tax Operating Profit          250,769       173,441      285,481                     709,691
(Loss)

<PAGE>


1st Quarter 2004

                                 Global         HAT       World Jet    Intercompany
                                Stand-Alone  Stand-Alone  Stand-Alone   Eliminations  Consolidated
                                -----------  -----------  -----------   ------------  ------------

Revenues                           230,576    3,355,532       789,964        90,041    4,286,031
  Less:  Cost of sales             144,832    2,299,340       547,140        90,041    2,901,271
  Less:  Expenses                  110,702      490,210       234,687                    835,599
Pre-tax Operating Profit          ( 24,958)     565,982         8,137                    549,161
(Loss)
</TABLE>


                         LIQUIDITY AND CAPITAL RESOURCES

Liquidity

As of March 31, 2005 we had outstanding indebtedness of $711,621 representing
the amount owing relative to a loan payable to M&I Marshall & Ilsley Bank (see
8-K filed February 8, 2005).

As of March 31, 20005, the Company's subsidiary, World Jet, had placed invoices
belonging to various customers, in full recourse financing. The debt is secured
by the World Jet's accounts receivable due from customers and bears interest at
a rate as high as 37.5% per annum as of this date. The total amount of invoices
placed is $707,160.07 on which the factor advanced $533,740.78. As of March 31,
2004, the customers had made payment totaling $474,208.66, leaving a balance due
to the factor of $232,957.41 payable by customers. No interest is being charged
to customers. Interest due to the factor as of March 31, 2005 was $32,912.09

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: our
continued ability to secure high profit margin jobs, more fully utilizing our
capacities, creating a higher bottom line and consequently more cash; and our
ability to establish revolving credit lines, which we can draw on as needed.

Significant changes in the Company's Balance Sheet for the quarter ended March
31, 2004 were as follows:

     Total assets decreased from $11,920,388 at December 31, 2004 to $10,775,241
     at March 31, 2005. Significant changes for the period were:

          Cash on hand decreased $516,473.

          Accounts receivable showed a decrease of $1,952,679.

          Costs and expenses on uncompleted contracts in excess of billings
          increased $1,242,502.


     During the first quarter of 2005, total liabilities decreased from
     $5,651,670 at December 31, 2004 to $3,792,837 at March 31, 2005, primarily
     due to:

          An increase in Notes Payable of $711,621 that was the result of the
          loan placement discussed earlier.

          Accounts Payable decreased over the 2004 year-end balance by $762,086.

          Billings in excess of costs and expenses on uncompleted contracts
          decreased $966,238.

          Accrued liabilities decreased $581,668, reflecting the payment of all
          payroll taxes due to I.R.S.


Cash

As of March 31, 2005 we had $33,431 in cash on hand and approximately $2,813,536
in collectible receivables. It should be noted that unbilled, earned revenue was
unusually large at the end of the period at $1,242,502. Management believes that
anticipated cash flows will be adequate to sufficiently provide working capital.
We cannot assure you that financing alternatives will be available to us in the
future to support our working capital requirements.

<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 MRO
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.
Revenues from part sales are recognized when parts are shipped.

USE OF ESTIMATES. Management's Discussion and Analysis of Financial Condition or
Plan of Operation 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.


                           PART II. OTHER INFORMATION


ITEM 5. OTHER ITEMS

None

<PAGE>


ITEM 6. EXHIBITS

(a)      Exhibits

31.1                 Certification of Principal Executive Officer, Mr. Ian
                     Herman

31.2                 Certification of President and Chief Operating
                     Officer, Mr. John B. Sawyer

31.3                 Certification of Principal Financial Officer, Ms.
                     Patricia Graham

32.1                 Certification of Mr. Ian M. Herman, Chief Executive Officer
                     and Chief Financial Officer


                                   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: May 14, 2005

                                       GLOBAL AIRCRAFT SOLUTIONS, INC.


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