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 June 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                        (520) 294-3481
         Mail:  P.O. Box 23009 Tucson AZ 85734-3009
        (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 June 30, 2003 are as follows:

        Class of Securities                          Shares Outstanding
   -------------------------------                   ------------------
    Common Stock, $.001 par value                        10,110,000



<PAGE>


                                      INDEX


                          PART I. FINANCIAL INFORMATION


Item 1.  Financial Statements.

         Consolidated Balance Sheets:

         As of June 30, 2003 (unaudited) and December 31, 2002 (audited).....  4

         Consolidated Statements of Operations:

         For the three and six months ended
           June 30, 2003 and 2002 (unaudited)................................  6

         Consolidated Statement of Changes in Stockholders' Equity:

         For the six months ended June 30, 2003 (unaudited)..................  7

         Consolidated Statements of Cash Flows:

         For the six-month period ended June 30, 2003 and 2002 (unaudited)...  8

         Notes to Financial Statements (unaudited)...........................  9


Item 2.  Management's Discussion and Analysis or Plan of Operation .......... 12

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


                        PART II. OTHER INFORMATION


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

Item 6.  Exhibits and Reports on Form 8-K.................................... 20

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

         Certifications...................................................... 20


<PAGE>
<TABLE>
<CAPTION>

                          PART I. FINANCIAL INFORMATION

ITEM 1.   FINANCIAL STATEMENTS.

                              RENEGADE VENTURE (NEV) CORPORATION
                                  Consolidated Balance Sheets


                                                               June 30,              December 31,
                                                                 2003                   2001
                                                             -----------             -----------
                                                             (unaudited)               (audited)

<S>                                                         <C>                      <C>
ASSETS

CURRENT ASSETS
Cash and cash equivalents                                    $     3,035              $     1,891
Accounts receivable                                            2,415,473                  753,474
Costs and estimated earnings in excess
  of billings on contracts in progress
Inventory                                                        486,879                  412,589
Other Current Assets                                           1,134,163                  100,781
                                                             -----------              -----------

  TOTAL CURRENT ASSETS                                         4,039,550                1,268,735

Property, plant and equipment                                    561,264                  475,204
Goodwill
Other non-current assets                                          86,210                   43,209
                                                             -----------              -----------

  TOTAL ASSETS                                               $ 4,687,024              $ 1,787,148
                                                             ===========              ===========

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
Note payable                                                 $   678,135              $   100,632
Note payable-related party                                                                117,000
Accounts payable - trade                                       2,994,330                  701,523
Accounts payable - related party                                                           79,202
Due to factor                                                    688,468                  106,484
Customer deposits                                                 20,000
Billings in excess of costs and estimated
  earnings on contracts in progress                               84,112                   73,351
Accrued liabilities                                              997,002                  916,017
Commitments & Contingencies                                      400,535
                                                             -----------              -----------

  TOTAL LIABILITIES                                            5,862,582                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, 10,680,000 shares issued and 10,110,000
  shares outstanding                                              11,310                   19,360
Additional paid-in capital                                     1,526,950                1,904,075
Deferred compensation                                            (30,000)                 (66,000)
Contributed capital                                              520,289                  520,289
Accumulated deficit, prior year                               (2,570,785)
Accumulated earnings (deficit) current year                     (502,295)              (2,570,785)
                                                             -----------              -----------

  Total paid-in capital and accumulated deficit               (1,044,891)                (193,061)

Less: treasury stock, at cost, 580,000 shares                   (130,667)                (114,000)
                                                             -----------              -----------

  TOTAL STOCKHOLDERS' EQUITY                                  (1,175,558)                (307,061)
                                                             -----------              -----------

  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                 $ 4,687,024              $ 1,787,148
                                                             ===========              ===========


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

<PAGE>

                                           RENEGADE VENTURE (NEV) CORPORATION
                                          Consolidated Statements of Operations
                                                       (unaudited)


                                                 Three Months                              Six Months
                                                 Ended June 30,                            Ended June 30,
                                           2003                 2002                 2003                2002*
                                        -----------          -----------          -----------          ----------

Net Sales                               $ 4,071,135          $ 1,487,569          $ 7,519,360          $ 1,487,569


Cost of Sales                            (3,355,881)          (1,399,857)          (6,174,549)          (1,399,857)
                                        -----------          -----------          -----------          -----------

Gross Profit                                715,254               87,712            1,344,811               87,712

Selling, general
     And administrative expense            (782,451)          (1,896,609)          (1,567,269)          (1,896,609)
                                        -----------          -----------          -----------          -----------


Gain (loss) from Operations                 (67,197)          (1,808,897)            (222,458)          (1,808,897)

Other Income (Expense):
  Interest Income                            87,654                 --                125,293                 --
  Interest Expense                         (181,543)              (7,343)            (239,677)              (7,343)
  Miscellaneous expense                     (13,928)                --                (15,481)                --
  Miscellaneous income                        5,318                  200               10,509                  200
  Penalties                                (127,422)                --               (160,481)                --
                                        -----------          -----------          -----------          -----------

Net Loss                                   (297,118)          (1,816,040)            (502,295)          (1,816,040)
                                        ===========          ===========          ===========          ===========


Net Loss per Share                      $     (0.03)         $     (0.14)         $     (0.05)         $     (0.14)
                                        ===========          ===========          ===========          ===========

                                                                                             *operations began
                                                                                              4/15/2002, see notes

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


<PAGE>


                                      RENEGADE VENTURE (NEV) CORPORATION
                                  Statement of Changes in Stockholders' Equity
                                     for the Six Months ended June 30, 2003
                                                  (unaudited)


                                                                                                      Additional
                                                                                   Treasury            Paid-in
                                                 Common Stock                        Stock              Capital
                                        --------------------------------          -----------         ------------
                                          Shares               Amount                Amount               Amount
                                        -----------          -----------          -----------         ------------

Balance at December 31, 2002             18,980,000          $    19,360          $  (114,000)         $ 1,904,075



Activity through June 30, 2003
        Stock issued for services            50,000                   50                                   14,950
        Per Court Order*                 (8,100,000)              (8,100)                                (392,435)
        Per Mediation agreement**           (16,667)
                                        -----------          -----------          -----------          -----------


Balance at June 30, 2003                 10,680,000          $    11,310          $  (130,667)         $ 1,526,590


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


*Court order discussed under Stockholders' Equity, Common Stock
**Mediation agreement discussed under Commitments and Contingencies


<PAGE>




                                  RENEGADE VENTURE (NEV) CORPORATION
                                CONSOLIDATED STATEMENTS OF CASH FLOWS


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

Net cash provided by operating activities                    $  (502,295)              $(1,816,040)
                                                             -----------               -----------
Adjustments to reconcile net loss to net cash
  provided (used) by operating activities
    Depreciation                                                  54,701                     1,467
    Expenses paid with stock                                      51,000                 1,326,900
                                                             -----------               -----------
        Net adjustments to reconcile net loss
         to net cash operating activities                         90,701                 1,328,367
                                                             -----------               -----------
Changes in Assets and Liabilities
    Accounts receivable                                       (1,749,549)                 (721,947)
    Prepaid expenses                                               5,234                   (52,126)
    Costs and estimated earnings in excess of
     billings on contracts in progress                            14,200                      --
    Assets held for sale                                        (965,250)                     --
    Other current assets                                         (74,293)                   (1,425)
    Other non-current assets                                    (116,366)                   (3,000)
    Accounts payable
    - trade                                                    1,813,238                   171,504
    - related party                                                 --                       9,379
    Due to factor                                                581,984                   322,500
    Customer deposits                                             20,000                      --
    Billings in excess of costs and estimated
     earnings on contracts in progress                            84,112                    13,620
    Commitments and contingencies                                400,535
    Accrued liabilities                                          481,521                   395,072
                                                             -----------               -----------
        Net cash used by operating activities                    495,366                   133,577
                                                             -----------               -----------

Cash flows from investing activities
    Purchase of property, plant and equipment                    (40,761)                  (41,345)
                                                             -----------               -----------
        Net cash used by investing activities                    (40,761)                  (41,345)
                                                             -----------               -----------

Cash flows from financing activities
    Notes payable                                                526,273                      --
    Notes payable - related party                               (165,938)                     --
    Treasury stock                                               (16,667)                     --
    Issuance of stock                                           (400,535)                  400,535
                                                             -----------               -----------
        Net cash provided by financing activities                (56,867)                  400,535
                                                             -----------               -----------


Net increase in cash and cash equivalents                          1,144                     5,094

Cash and cash equivalents, beginning of period                     1,891                      --
                                                             -----------               -----------

Cash and cash equivalents, end of period                     $     3,035               $     5,094
                                                             ===========               ===========

                       The accompanying notes are an integral part of these
                                consolidated financial statements.
</TABLE>


<PAGE>


                       RENEGADE VENTURE (NEV) CORPORATION
                          NOTES TO FINANCIAL STATEMENTS
                                  JUNE 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.

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

<PAGE>


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 June
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. The entire unpaid Principal and any accumulated,
accrued or unpaid interest thereon are due and payable on September 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.

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 related to stock, a note, created to satisfy the Company's
obligation, 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 this mediation had not
been executed at June 30, 2003, but the basic terms are part of the signed
mediation agreement and, as such, are subject to binding arbitration. Therefore,
appropriate accounting entries are included in the financial statements for
June 30, 2003.

<PAGE>


5. SUBSEQUENT EVENTS

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 28, 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.


<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 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, which comes due in September 2003, 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.

                                     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

<PAGE>


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.

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

<PAGE>


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 June 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.

                              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

<PAGE>


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 second quarter, ended June 30, 2003 reflect the continual upward
trend in revenues for HAT. Operating revenue for the three months ended June 30,
2003 was $4,071,135. HAT was only operational for 2 1/2 months of the second
quarter of 2002 and after interpolation to account for the difference in time
periods, 2003 2nd quarter revenue is still over 2 1/4 times greater than 2002
2nd quarter revenue. 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 six months of 2003 are $7,519,360.

The acceleration in revenue is primarily attributable to increased hours billed
performing our core MROM services. 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 68,868 billable hours in the second 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, with 11,142 of that total coming from the
2 1/2 month second quarter of 2002. Second quarter 2003 revenue was enhanced
$750,000 by billings related to the sale of an aircraft, which was purchased for
resale during the same quarter. There were no extraordinary items. Five (5) of
our customers accounted for 85.6% of first quarter revenues.

On a consolidated basis, we experienced a $297,118 loss on gross revenues of
$4,071,135, although HAT on a stand-alone basis made a $10,362 profit. This is
the third straight quarter of profitable operation for HAT separately. In fact,
our consolidated gross profit for the first quarter of 2003 (after deducting
cost of sales but before overhead costs) was $715,254 which was not only greater
than the gross profit for the second quarter of 2002 of 87,712 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 $390,812 in the second
quarter of 2003. This amount reflects the administrative costs of running
Renegade, $83,333 bonus expense resulting from the mediated settlement discussed
earlier, $22,243 in legal expense and $159,513 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 $634,974 for the second quarter of 2003 and as a
percentage of revenues were 16%. The same period in 2002 showed operating
expenses of 621,881, which was 42% as a percentage of revenues. As a result of

<PAGE>


these factors, income from operations was $73,004 for the second quarter, ended
June 30, 2003, a much more promising number than the -$479,432 from the second
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
maintain a growth mode in spite of the problems the aviation industry has been
experiencing over the past several months.

Interest expense during the second quarter of 2003 reflected $67K related to
allocations made as a result of a mediated agreement with a former Director. We
are continuing to factor the invoices of one of our customers and the interest
expense related to that factoring is passed on to our customer and is offset by
being recorded as interest income.

The following tables depict our results of operations for the second quarter of
2003 and for the first six months of 2003, on both a consolidated basis and the
stand-alone results for HAT.

--------------------------------------------------------------------------------
                           Renegade Consolidated        Hamilton Stand-Alone
--------------------------------------------------------------------------------
Quarter 2, 2003
--------------------------------------------------------------------------------
  Revenues                      $ 4,071,135                 $ 4,071,135
--------------------------------------------------------------------------------
  Costs of sales                ( 3,355,881)                ( 3,355,881)
--------------------------------------------------------------------------------
  Expenses                      ( 1,012,372)                (   704,892)
--------------------------------------------------------------------------------
Net Profit (Loss)               ($  297,118)                 $   10,362
--------------------------------------------------------------------------------


                           Renegade Consolidated        Hamilton Stand-Alone
--------------------------------------------------------------------------------
First 6 Months, 2003
--------------------------------------------------------------------------------
  Revenues                      $ 7,519,360                 $ 7,519,360
--------------------------------------------------------------------------------
  Costs of sales                ( 6,174,549)                ( 6,174,549)
--------------------------------------------------------------------------------
  Expenses                      ( 1,847,106)                ( 1,311,362)
--------------------------------------------------------------------------------
Net Profit (Loss)               ($  502,295)                $    33,449
--------------------------------------------------------------------------------


                         LIQUIDITY AND CAPITAL RESOURCES

Liquidity

As of June 30, 2003, we had outstanding indebtedness of approximately $678,135,
the bulk of which is due for two items: First, the secured bridge facility and
second, the mediated agreement discussed under "Other Information". 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 via
either a preferred stock offering and/or 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.

<PAGE>


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 increased from $2,436,467 as of March 31, 2003, to $4,687,024 at
June 30, 2003. The increase is primarily due to increases in two categories:

     1.   An increase in accounts receivable of over $870,000, which is
          represented mainly by factored invoices (when our customer completes
          payments due to the factor for these invoices the Company will realize
          approximately $260,000.)

     2.   An increase of over 1,100,000 in other current assets. This increase
          is made up of the cost of $ 965,250 for aircraft purchased for resale
          plus about $73,000 representing the down payment on an annual
          insurance policy with a May anniversary date.

During the second quarter, total liabilities increased from $2,847,373 at March
31, 2003 to $5,862,582, primarily due to increases in trade payables of over
$1,900,000,which includes the cost of aircraft purchased for resale of
$1,485,000; in notes payable of approximately $320,000; and in accrued
liabilities of approximately $160,000. The increase in notes payable reflects
the result of the mediated agreement discussed earlier and the amount includes
the $117,000 shown as Note payable - related party at the end of the first
quarter. The increase in accrued liabilities reflects the direct correlation
between increased billable hours and increased payrolls. Trade payables
experienced a similar type increase due to the additional material and supply
requisites associated with the increase in billed hours.


Cash

As of June 30, 2003, we had $3,035 in cash on hand and approximately $1,400,724
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 guarantee 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
September 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



<PAGE>


facility. At June 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.


                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.




<PAGE>


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 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. The Plaintiff had been successful in a
lawsuit against Hamilton Aviation, obtaining a verdict in the amount of
$2,970,000 on May 3, 2002. The basis of this new suit purports that Hamilton
Aviation and HAT are in effect the same company. The issue of the allegation
that the two entities were the same company was bought up by the Plaintiff
during the Hamilton Aviation bankruptcy proceedings and it was determined, at
that time, that Hamilton Aviation and HAT were not the same company. Management
believes that the Company's exposure in this matter is nonexistent or, at worst,
minimal.



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



<PAGE>


inventory on consignment by means of payment on a second note. The final
agreement related to this mediation had not been executed at June 30, 2003, but
its basic terms are part of a signed mediation agreement and appropriate
accounting entries are included in the financial statements herein for June 30,
2003.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K


     (a) Exhibits

  10.1    NONE

  99.1    Certification of Chief Executive Officer, Mr. Ian Herman
  99.2    Certification of HAT President, Mr. John Sawyer
  99.3    Certification of Principal Financial Officer, Ms. Patricia Graham

     (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


                                   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: August 13,2003


RENEGADE VENTURE (NEV.) CORPORATION

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