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 September 30, 2004 Commission File No. 0-28575



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

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


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

Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or such shorter period `that the Registrant was
required to file such reports), and (2) has been subject to such filing
requirements for at least the past 90 days.

Yes [ x ] No [ ]

The number of shares outstanding of each of the Registrant's classes of common
equity, as of September 30, 2004 are as follows:


     Class of Securities                              Shares Outstanding
-----------------------------                         ------------------
Common Stock, $.001 par value                             30,650,386



<PAGE>


                                      INDEX


                          PART I. FINANCIAL INFORMATION


Item 1.  Financial Statements.

         Consolidated Balance Sheets:

         As of December 31, 2003 (audited) and September 30, 2004
          (unaudited)    ..................................................  3

         Consolidated Statements of Operations:

         For the three and nine months ended September 30, 2003 and
          2004 (unaudited)    .............................................  5

         Consolidated Statement of Changes in Stockholders' Equity:

         For the year ended December 31, 2003 and nine months ended
          September 30, 2004 (unaudited)...................................  6

         Consolidated Statements of Cash Flows:

         For the nine-month period ended September 30, 2004 and 2003
          (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    ....................................... 21


                           PART II. OTHER INFORMATION


Item 5. Other Information       ........................................... 22

Item 6. Exhibits   ........................................................ 22

         Signatures    .................................................... 22

         Certifications


                                       2
<PAGE>


ITEM 1. FINANCIAL STATEMENTS.


                       RENEGADE VENTURE (NEV) CORPORATION
                           Consolidated Balance Sheet
                    December 31, 2003 and September 30, 2004


                                     ASSETS
                                                       2003          2004
                                                     (audited)    (unaudited)
                                                     ----------   -----------
CURRENT ASSETS
Cash and cash equivalents                            $    8,680   $  677,890
Accounts receivable                                   1,612,945    2,343,017
Note receivable                                           6,400      149,667
Costs and estimated earnings on
uncompleted contracts in excess of billings                          137,382
Inventory                                               570,794    3,289,420
Funds in Escrow                                                      476,354
Other current assets                                    392,407      366,676
                                                     ----------   ----------

  TOTAL CURRENT ASSETS                               $2,591,226   $7,440,406

Property, plant and equipment                           532,388    1,612,321
Investment                                                            25,000
Goodwill                                                             597,724
Other non-current assets                                122,167      126,328
                                                     ----------   ----------

  TOTAL ASSETS                                       $3,245,781   $9,801,779
                                                     ==========   ==========


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

                                       3
<PAGE>
<TABLE>
<CAPTION>


                            RENEGADE VENTURE (NEV) CORPORATION
                                 Consolidated Balance Sheet
                           December 31, 2003 and September 30, 2004


                              LIABILITIES AND STOCKHOLDERS' EQUITY

                                                              2003                      2004
                                                           (audited)                 (unaudited)
                                                          -----------                -----------
<S>                                                        <C>                       <C>
CURRENT LIABILITIES
Notes payable - short term                                $   798,862                $   109,696
Notes payable - related party                                                            417,000
Accounts payable - trade                                    1,691,853                  1,573,398
Accounts payable - related party                               71,827
Due to factor                                                 394,391
Customer deposits                                              27,800                     27,000
Billings in excess of costs and estimated
  earnings on contracts in progress                           323,686
Accrued liabilities                                           688,518                    927,323
Income taxes payable                                                                     311,182
Commitments and contingencies
Shares subject to mandatory redemption                        400,535                    400,535
                                                          -----------                -----------

  TOTAL CURRENT LIABILITIES                               $ 4,397,472                $ 3,766,134

LONG-TERM LIABILITIES
Notes payable - long term portion
                                                          -----------                -----------

  TOTAL LONG-TERM LIABILITIES
                                                          -----------                -----------

  TOTAL LIABILITIES                                         4,397,472                  3,766,134
                                                          ===========                ===========



STOCKHOLDERS' EQUITY
Common stock, $.001 par value, 50,000,000 shares
  authorized 14,680,000 and 30,650,386 shares
  issued 2003 and 2004 and 14,680,000 and
  30,650,386 shares outstanding 2003 and 2004                  18,110                     31,280
Additional paid-in capital                                  2,412,123                  6,976,700
Deferred compensation                                        (332,000)
Contributed capital                                           620,289                    620,289
Retained earnings                                          (3,870,213)                (1,592,624)
                                                          -----------                -----------

  Total paid-in capital and accumulated deficit            (1,151,691)                 6,035,645

                                                          -----------                -----------

  TOTAL STOCKHOLDERS' EQUITY                               (1,151,691)                 6,057,253
                                                          ===========                ===========


  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY              $ 3,245,781                $ 9,801,779
                                                          ===========                ===========

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


                                                   4
<PAGE>


                                             RENEGADE VENTURE (NEV) CORPORATION
                                            Consolidated Statement of Operations
                            For the Three and Nine Months Ended September 30, 2003 and 2004
                                                       (unaudited)


                                                 Three Months ended September 30,         Nine Months ended September 30,
                                                    2003                 2004                2003                2004
                                                 ------------        ------------        ------------        ------------

Net sales                                        $  5,091,825        $  8,112,082         $12,611 185        $ 16,698,987

Cost of sales                                      (4,465,474)         (6,208,825)        (10,640,024)        (11,810,539)
                                                 ------------        ------------        ------------        ------------

Gross profit                                          626,351           1,903,257           1,971,161           4,888,448

Selling, general and administrative
expense                                            (1,454,328)         (1,787,144)         (3,021,597)         (3,404,548)
                                                 ------------        ------------        ------------        ------------
Penalties                                             (19,976)            (21,255)           (156,277)           (211,767)
                                                 ------------        ------------        ------------        ------------

Gain (loss) from operations                          (847,953)             94,858          (1,206,713)          1,272,133

Other income (expense):
     Interest income                                   62,063               3,159             187,356              64,551
     Interest expense                                (113,788)            (50,765)           (377,646)           (235,578)
     Discounts taken                                                       13,271                                  27,544
     Miscellaneous expense                             (1,643)                                (17,124)             (9,084)
     Miscellaneous income                                   5              10,938              10,513              13,521
     Gain on renegotiation of contracts                                   607,194                               1,144,502
                                                 ------------        ------------        ------------        ------------
Pre-tax net income                                   (901,316)            678,655          (1,403,613)          2,277,589

Income tax without carryforward                                          (278,031)                              (933,083)

Reduction from carryforward of NOL                                        278,031                                 933,083
                                                 ------------        ------------        ------------        ------------

Net profit (loss)                                $   (901,316)       $    678,655        $ (1,403,613)       $  2,277,589
                                                 ============        ============        ============        ============

Net profit (loss) per share                             (0.06)               0.02               (0.10)               0.10
Net profit (loss) per share, Fully diluted       $      (0.06)       $       0.02        $      (0.10)        $      0.09
                                                 ============        ============        ============        ============


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

                                                        5
<PAGE>


                                    RENEGADE VENTURE (NEV.) CORPORATION
                         Consolidated Statement of Changes in Stockholder's Equity
             For the Year Ended December 31, 2003 and the Nine Months Ended September 30, 2004


                                                                 Additional     Contributed       Deferred
                                                                  Paid-in         Capital       Compensation
                                           Common Stock           Capital
                                            Shares              Amount           Amount             Amount           Amount

Balance at December 31, 2002              18,980,000            19,360         1,904,075           520,289           (66,000)

Activity through March 31, 2003
    Shares issued                             50,000                50            14,950
    Shares returned                          (50,000)              (50)               50
    Compensation expensed                                                                                             18,000

Activity through June 30, 2003
    Compensation expensed                                                                                             18,000

Activity through September 30,
2003
    Shares issued                          5,610,000             5,610           (16,440)
    Shares returned                       (1,560,000)           (1,560)          531,390                            (320,000)
    Compensation expensed                                                                                             18,000
    No stock held in Treasury  *                                                (114,000)

Activity through December 31,
2003
     Shares issued                         2,800,000             2,800           501,200           100,000
                                         -----------       -----------       -----------       -----------       -----------

Balance at December 31, 2003              25,830,000            26,210         2,821,225           620,289          (332,000)

Activity through March 31, 2004
     Compensation expensed                                                                                            12,000

Activity through June 30, 2004
     Shares issued                         9,600,000             9,600         3,009,600
     Shares returned                        (250,000)                           (392,435)
     Shares returned                      (8,100,000)           (8,100)          (16,667)
     Shares pledged (World Jet)                                  1,000           499,000

Activity through September 30,
2004
      Shares issued (World Jet)            1,000,000
      Shares vested                        2,570,386             2,570         1,055,977                             320,000
                                         -----------       -----------       -----------       -----------       -----------

Balance at September 30, 2004             30,650,386            31,280         6,976,700           620,289                 0

* shown as Treasury Stock
at December 31, 2002


     Note: The Board of Directors has voided, due to lack of consideration,
     1,500,000 shares of common stock 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.


                                       6


<PAGE>


                                           RENEGADE VENTURE (NEV) CORPORATION
                                          Consolidated Statement of Cash Flows
                            For the Three and Nine Months Ended September 30, 2003 and 2004
                                                      (unaudited)

                                                                Three Months ended                 Nine Months ended
                                                                  September 30,                       September 30,
                                                             2003              2004               2003              2004
                                                          -----------       ----------        -----------       -----------
Increase (Decrease) in Cash and Cash Equivalents:

Cash flows from operating activities:
    Net Profit/(Loss)                                     $  (901,316)      $   678,655       $(1,403,613)      $ 2,277,589

Adjustments to reconcile net loss to net
  cash provided (used) by operating activities:
    Depreciation                                               31,948           101,417            86,649           215,881
    Allowance for Doubtful Accounts                                                                                     509
    Inventory write downs                                                        55,208                             157,291
    Gain from renegotiation                                                    (607,194)                         (1,144,502)
    Expenses paid with stock                                   18,000           355,240            69,000           402,199

Changes in Assets and Liabilities:
    Accounts receivable                                       577,043          (277,478)       (1,172,506)         (280,517)
    Prepaid expenses                                          (49,075)          (77,982)          (43,841)            1,541
    Costs and estimated earnings in excess of
       billings on contracts in progress                     (211,545)         (137,382)         (197,345)
    Inventory                                                                  (210,947)                         (1,435,567)
    Assets held for sale                                      965,250
    Restricted Funds                                          (75,083)        1,250,000           (75,083)         (400,945)
    Other current assets                                       (2,978)            8,913           (77,271)          (21,823)
    Other non-current assets                                  118,523                               2,157
    Accounts payable-trade                                   (729,062)          989,891         1,084,178           981,932
    Accounts payable-related party                            (79,202)                            (79,202)           56,737
    Due to factor                                             266,992            36,671           848,976          (102,452)
    Customer deposits                                         (17,200)           24,200             2,800              (800)
    Billings in excess of cost and estimated
       earnings on contracts in progress                      (84,112)         (304,919)                           (461,067)
    Income tax payable                                                                                             (463,690)
    Shares subject to mandatory redemption                                                        400,535
    Accrued liabilities                                      (352,879)          (94,335)          128,641          (455,259)

Net cash provided by/(used for) operating
activities                                                   (524,697)        1,789,958          (425,925)         (672,941)

Cash flows from investing activities:
    Purchase of property, plant and equipment                (107,571)           (5,727)         (148,331)       (1,244,114)

Net cash used for investing activities                       (107,571)           (5,727)         (148,331)       (1,244,114)

Cash flows from financing activities:
    Notes payable                                             171,010          (934,415)          697,283          (728,104)
    Notes payable - related party                              48,938        (1,485,653)         (117,000)       (1,526,218)
    Issuance of stock                                         437,000             2,115            19,798            11,715
    Paid in capital                                                             946,832                           3,956,432
    Note receivable                                                              (2,911)                            275,684
    Note receivable - related party                                                                                   6,400

Net cash provided by/(used for) financing
activities                                                    656,948        (1,474,032)          600,081         1,995,909

Net increase in cash and cash equivalents                      24,680           310,199            25,824            78,854
Cash and cash equivalents at beginning of period                3,035           367,691             1,891           599,036

Cash and cash equivalents at end of period                     27,715           677,890            27,715           677,890
                                                          ===========       ===========       ===========       ===========


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


                                                        7
</TABLE>

<PAGE>


                       RENEGADE VENTURE (NEV) CORPORATION


                          NOTES TO FINANCIAL STATEMENTS
                                  JUNE 30, 2004


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"), Johnstone Softmachine Corporation ("Johnstone"), and
World Jet Corporation ("World Jet") collectively, the ("Company"). Renegade
acquired HAT and Johnstone on April 30, 2002. As such, the financial statements
reflect the accounting activity of HAT since its inception, April 2002. For
accounting purposes, the transaction has been treated as an acquisition of
Renegade Venture (Nev.) Corporation by HAT and as a recapitalization of Renegade
Venture (Nev.) Corporation. The acquisition of 100 per cent of World Jet stock
was finalized July 15, 2004, with a transaction 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.

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


                                       8

<PAGE>


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; the
estimated useful life of all other categories of assets is five years.
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 charged to expense as incurred. Betterments or renewals are
capitalized when incurred. Property and equipment are reviewed periodically to
determine whether any events or circumstances indicate that the carrying amount
may not be recoverable. Such review includes estimating future cash flows.

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. 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. The cumulative catch-up method is used to
account for changes in estimates of total revenues, total costs or extent of
progress. Projects are considered substantially complete when all significant
elements of the contract have been performed. As of September 30, 2004, there
are no material amounts in excess of the agreed contract price that the Company
seeks to collect from customers or others for 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.

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. During the year ended December 31, 2003, there were no
dilutive securities.


3. STOCK, STOCK OPTIONS AND WARRANTS

On July 15, 2004, the Company finalized an agreement to buy 100 percent of the
common stock of World Jet Corporation, a privately held aircraft parts sales and
brokerage company for $1.55 million in cash and notes and 1,000,000 shares of
restricted common stock valued at $.50 per share for the purposes of this
transaction. The effective date of this agreement is January 1, 2004. The shares
of stock were issued in July 2004.

                                       9

<PAGE>


During the third quarter of 2004, the Company finalized an agreement to award
400,000 shares of common stock under the 2003 Employee Stock Compensation Plan
of the Company for professional services to be provided over a two-year period.
The effective date of this transaction was May 13, 2004. The Board of Directors
determined that the fair value of these shares on the date of grant was $.23 per
share.

On September 3, 2004, pursuant to the "safe harbor" private offering exemption
provided by Rule 506 of Regulation D under Section 4(2) of the Securities Act of
1933, in exchange for One Million One Hundred Thousand Dollars ($1,100,000.00)
the Company sold 2,115,386 shares of the Company's common stock (purchase price
of $0.52 per share), class A warrants to purchase 1,057,693 shares of the
Company's common stock (exercise price of $1.00 per share), and Class B warrants
to purchase 1,057,693 shares of the Company's common stock (exercise price of
$1.36 per share).

The Company also issued the following warrants as part of the commissions paid
in connection with the above offering: (i) warrants to purchase 158,654 shares
of the Company's common stock at an exercise price of $0.52 per share; (ii)
warrants to purchase 79,327 shares of the Company's common stock at an exercise
price of $1.00 per share; and (iii) warrants to purchase 79,327 shares of the
Company's common stock at an exercise price of $1.36 per share.

        Schedule of stock, warrants and options issued and outstanding at
                               September 30, 2004

Common Shares Issued and Outstanding                             30,650,386


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              @0.60       330,000
                                                               -------------

                                     Total                        50,295,772


                                       10

<PAGE>


4. TRADE ACCOUNTS RECEIVABLE

As of June 30,2004, trade accounts receivable consist of the following:

                                                   September 30,    December 31,
                                                       2004            2003
                                                    Unaudited

Contracts in progress                              $   733,298      $   487,390
Completed contracts                                  1,653,898        1,136,043
                                                   -----------      -----------

                                                   $ 2,387,196      $ 1,623,433

Less: allowance for doubtful accounts                  (44,179)         (10,488)
                                                   -----------      -----------

                                                   $ 2,343,017      $ 1,612,945
                                                   ===========      ===========

5. CONTRACTS IN PROGRESS

At September 30, 2004, costs and estimated earnings in excess of billings and
billings in excess of costs and estimated earnings on uncompleted contracts
consist of the following:

                                                  September 30,   December 31,
                                                     2004           2003
                                                   Unaudited

Costs incurred on uncompleted contracts           $ 346,509       $ 152,225
Profit earned to date                               297,672         193,741
                                                  ---------       ---------

                                                  $ 644,181       $ 345,966
   Less: Billings to date                          (295,366)       (719,000)
                                                  ---------       ---------

                                                  $ 348,815       $(373,034)
                                                  =========       =========


                                       11

<PAGE>


Included in the accompanying balance sheet at September 30, 2004 under the
following caption: Costs and estimated earnings in excess of billings on
uncompleted contracts


                                                           2004          2003
                                                         Unaudited

Costs and estimated earnings in excess from above        $ 348,815    $ 373,034
Time and material, advance billed                         (211,433)     (49,348)
                                                         ---------    ---------

                                        Net              $ 137,382    $ 323,686
                                                         =========    =========


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


6.  INVENTORY

Inventories consisted of the following:

                                                 September 30,     December 31,
                                                     2004              2003
                                                  Unaudited

Aircraft parts                                   $3,090,500        $  570,794

Engine, A/C held for salvage                        198,920
                                                 ----------        ----------

                                                 $3,289,420        $  570,794
                                                 ==========        ==========


7. PROPERTY AND EQUIPMENT

                                                 September 30,      December 31,
                                                     2004              2003
                                                  Unaudited

Land and improvements                             $   25,094        $   25,094
Buildings and improvements                           177,326           123,313
Vehicles                                              70,328            45,040
Machinery and equipment                            1,787,104           458,827
                                                  ----------        ----------
      Sub Total                                   $2,059,852        $  652,274

Less accumulated depreciation                        447,531           119,886
                                                  ----------        ----------

Property and equipment, Net                       $1,612,321        $  532,388
                                                  ==========        ==========


During 2004 and 2003 depreciation expense was $211,226 and $111,903
respectively. World Jet had $111,655 in pre-2004 depreciation when acquired)

                                       12

<PAGE>


8. GAIN ON RENEGOTIATION OF CONTRACT

On July 8, 2004, the Estate Administrator, on behalf of the estate of Hamilton
Aviation, Inc., accepted an offer made by HAT calling for satisfaction of all of
its obligations under the May 6, 2004 Settlement Agreement by payment of a lump
sum of $750,000 on or before September 6, 2004. Hat made this final lump sum
payment and the resulting excess liabilities have been recognized as a gain
during the quarter ended September 30, 2004.

9. GOING CONCERN

The accompanying consolidated financial statements have been prepared assuming
the Company will continue as a going concern. After the acquisition of HAT, the
Company had incurred losses in April of 2002 through December 2003. Since HAT is
now profitable, Renegade 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. Management has been successful in
acquiring other lines of business and has made progress and considers these
activities will enable the Company to continue to grow.

10. SUBSEQUENT EVENTS

On October 26, 2004, the Company held its 2003 annual meeting. The stockholders
voted to increase the authorized shares of common stock from 50,000,000 to
100,000,000. The Stockholders also ratified an amendment to the Company's
Certificate of Incorporation to change the corporate name from Renegade Venture
(Nev.) Corporation to Global Aircraft Solutions, Inc.


                                       13

<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
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 Renegade, HAT, World Jet, or its management, are intended to identify
forward-looking statements. These statements reflect management's current view
of Renegade, 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
2003. 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

                                       14

<PAGE>


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. On July 25, 2004 Renegade acquired 100 percent of the common stock of
World Jet Corporation, a privately owned Nevada corporation. World Jet,
incorporated in 1997, is an aviation parts sales company servicing aircraft
operators, aircraft leasing companies and MROM facilities.

Renegade'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. 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 increase value for Renegade'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.

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.

                                       15
<PAGE>


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 MROM
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 MROM
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.

As a holding company, the bulk of our operations are currently and were as of
September 30, 2004, 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.

                  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 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

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 MROM service
providers, the state of the aviation industry and the number of customers
seeking services, the impact of fixed pricing on gross margins and our ability
to accurately project our costs, our ability to obtain financing and other
factors.

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

                                       16

<PAGE>


Operating revenue for the three months ended September 30, 2003 was $5,091,825,
which was bolstered by the inclusion of $2,200,000 in revenue from the sale of
aircraft bought for resale. Operating revenue for the three months ended
September 30, 2004 was $8,112,082, a 59% increase over 2003. The following table
indicates the major sources of these revenues:
<TABLE>
<CAPTION>

                 Revenue breakdown 3rd                           Revenue breakdown 3rd
                 Quarter, 2004                                   Quarter, 2003
                                             (millions)                                     (millions)

<S>                                             <C>                                           <C>
    HAT          MRO activity                   $3.618           MRO activity                 $2.674
                 AC Sales, commissions          $2.875           AC Sales, commissions        $2.200

    World Jet    Part Sales                     $1.894           Part Sales                      N/A
                   Intercompany                  (.524)          Intercompany                    N/A

    Renegade     Mesa manpower contract         $ .166           Mesa manpower contract       $  .081
</TABLE>

Operating revenues increased 32% when World Jet, which was not part of the
Company until January 1, 2004, is eliminated from the calculation. Gross profit
for the third quarter of 2003 was $626,351 while gross profit for the third
quarter of 2004 was $1,903,257, over a 200% increase. World Jet revenues were
$1,153,128 in the third quarter of 2003 and $1,893,902 in the third quarter of
2004, a 64% increase; additionally, third quarter 2004 revenue increased over
first half 2004 revenue by 23%. During the third quarter of 2004, 73.2% of HAT's
MRO activity revenue came from its top five customers, 48% 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 has been the core
revenue producing activity to date, the sale of labor hours. In the third
quarter of 2004, revenue produced from labor was $2,915,735 as compared with
$1,886,763 the third quarter of 2003. This represents an increase of 55%. The
comparative costs for all direct labor, including work performed by outside
contractors, was $1,624,545 in the third quarter of 2004 compared with
$1,091,156 for the same period in 2003, representing a 49% increase in cost. All
direct labor costs were 58% of sales in third quarter of 2003 compared with 56%
in the third quarter of 2004. Results in the third quarter, ended September 30,
2004, continue to reflect management's change in focus from growing revenue for
the sake of revenue to booking jobs, (fixed-bid in most cases), with the highest
potential for increased profitability. However, during the third quarter,
management elected to seize several unique opportunities that have and will
continue, in all likelihood, to substantially increase the volume of activity at
HAT. During the first three quarters of 2004, as a result of being selective in
the work booked, considerable increase in efficiencies was experienced due to a
smaller, highly skilled, stable work force. A substantial sudden increase in
volume, such as HAT is currently undergoing, 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 2004.
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

                                       17

<PAGE>


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 $1,787,144 for the third quarter of 2004 and as a
percentage of revenues were 22%. The same period in 2003 showed SG&A expenses of
$1,454,328, which was 29% as a percentage of revenues. During the third quarter
of 2004, SG&A expenses at our HAT subsidiary increased approximately $300,000
due to commissions related to aircraft sales transactions and increased $320,000
at Renegade for the expenses incurred in the vesting of shares granted under
employment agreements. World Jet SG&A expense decreased as a percentage of sales
from 23% to 12% from second quarter of 2004 to third quarter of 2004.
Interest expense for the Company, during the third quarter of 2004, was $50,765.

The following tables depict our results of operations for the third quarter of
2004 and for the third quarter of 2003 on a consolidated basis, on a stand-alone
basis for HAT and World Jet (2004 only).
<TABLE>
<CAPTION>


Third Quarter                                 2003                                  2004
                                 Renegade                HAT              Renegade                  HAT         World Jet
                               Consolidated          Stand-Alone        Consolidated            Stand-Alone     Stand-Alone
                               ------------          -----------        ------------            -----------     -----------
<S>                            <C>                     <C>              <C>                     <C>             <C>
Revenues                       $ 5,091,825             $5,007,273       $8,112,082              $6,576,012      $ 1,893,902
Cost of sales                 (  4,465,474)           ( 4,397,250)      (6,208,825)             (5,153,586)      (1,486,416)
Expenses                      (  1,474,308)           (   842,544)      (1,808,399)             (  918,956)
                                                                                                                   (227,336)
Pre tax Operating Profit      ($   847,953)           ($  232,521)       $  94,858              $  503,470      $   180,150
(Loss)
</TABLE>



                         LIQUIDITY AND CAPITAL RESOURCES
Liquidity

As of September 30, 2004, we had outstanding indebtedness of $526,696
represented by three items: First, $300,000 represents the amount owing relative
to the purchase of World Jet; second, a note in the amount of $117,000,
representing bonuses payable at our World Jet facility and third, a short-term
borrowing by our World Jet facility of $109,696. It should be noted that
included in our accrued liabilities is $300,000 that represents payroll taxes,
interest and penalties due to the Internal Revenue Service for the second
quarter of 2004. (All other quarterly payments to IRS are current. A payment
plan arrangement with IRS that should eliminate this obligation by the end of


                                       18
<PAGE>


the fourth quarter of 2004 has been established). 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.

On September 3, 2004, pursuant to the "safe harbor" private offering exemption
provided by Rule 506 of Regulation D under Section 4(2) of the Securities Act of
1933, in exchange for One Million One Hundred Thousand Dollars ($1,100,000.00)
the Company sold 2,115,386 shares of the Company's common stock (purchase price
of $0.52 per share), class A warrants to purchase 1,057,693 shares of the
Company's common stock (exercise price of $1.00 per share), and Class B warrants
to purchase 1,057,693 shares of the Company's common stock (exercise price of
$1.36 per share). The Company received $949,000 during the third quarter of 2004
as a result of this transaction.

Changes in the Company's Balance Sheet for the quarter ended September 30, 2004
were meaningful. These changes were largely the result of three events:

     1.   The use of $1,250,000 of funds held in escrow to satisfy terms related
          to the purchase of World Jet Corporation.

     2.   A renegotiated lump-sum payment of $750,000 to satisfy the debt
          associated with the purchase of the assets of Hamilton Aviation.

     3.   The private placement agreement discussed in the preceding paragraph.

Total assets decreased from $10,279,594 at June 30, 2004 to $9,801,779 at
September 30, 2004. Significant increases for the period were:

         Cash on hand increased $310,199.

         Accounts receivable showed an increase of $150,052.

         Funds held in escrow decreased $1,250,000.

During the third quarter of 2004, total liabilities decreased from $6,301,151 at
June 30, 2004 to $3,766,134 at September 30, 2004, primarily due to:

         A reduction in Notes Payable of $3,027,432 that was the result of
         payoffs of obligations coupled with renegotiation of lump-sum payment
         terms related to the purchase of Hamilton Aviation resulting in a gain
         of $607,194.

         Accounts Payable increased over the second quarter of 2004 by $479,463.

Cash

As of September 30, 2004, we had $677,890 in cash on hand and approximately
$2,343,017 in collectible receivables. 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.


                                       19

<PAGE>


                CRITICAL ACCOUNTING POLICIES AND USE OF ESTIMATES

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

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

                                       20

<PAGE>


                           PART II. OTHER INFORMATION

ITEM 5. OTHER ITEMS

None

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
--------------------- -------------------------------------------------------



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

Date: November 12, 2004

                               RENEGADE VENTURE (NEV.) CORPORATION


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


                                       21