SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   FORM 10-QSB
               Quarterly Report Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

                        For Quarter Ended March 31, 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 March 31, 2004 are as follows:



     Class of Securities                              Shares Outstanding
-----------------------------                         ------------------
Common Stock, $.001 par value                             25,830,000

<PAGE>



                                      INDEX


                          PART I. FINANCIAL INFORMATION


Item 1.  Financial Statements.

         Consolidated Balance Sheets:

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

         Consolidated Statements of Operations:

         For the three months ended March 31, 2004 and
          2003 (unaudited)    ............................................   5

         Consolidated Statement of Changes in Stockholders' Equity:

         For the three months ended March 31, 2004 (unaudited)     .......   6

         Consolidated Statements of Cash Flows:

         For the three-month period ended March 31, 2004 and 2003
          (unaudited)    .................................................   7

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


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

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


                           PART II. OTHER INFORMATION


Item 5. Other Information       ..........................................  19

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

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

         Certifications

                                       2

<PAGE>


ITEM 1. FINANCIAL STATEMENTS.


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



                                     ASSETS


                                                  2003             2004
                                                (audited)      (unaudited)
                                               ----------       ----------
CURRENT ASSETS
Cash and cash equivalents                      $    8,680       $   20,043
Accounts receivable                             1,612,945        1,664,499
Note receivable: related party                      6,400
Inventory                                         570,794          585,047
Other current assets                              392,407          341,448
                                               ----------       ----------

  TOTAL CURRENT ASSETS                         $2,591,226       $2,611,037

Property, plant and equipment                     532,388          535,974
Other non-current assets                          122,167          123,418
                                               ----------       ----------

  TOTAL ASSETS                                 $3,245,781       $3,270,429
                                               ==========       ==========

                                       3

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<TABLE>
<CAPTION>



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



                           LIABILITIES AND STOCKHOLDERS' EQUITY


                                                                 2003            2004
                                                               (audited)     (unaudited)
                                                              -----------    -----------
<S>                                                           <C>            <C>
CURRENT LIABILITIES
Notes payable                                                 $   798,862    $   551,214
Accounts payable - trade                                        1,691,853      1,036,242
Accounts payable - related party                                   71,827         40,565
Due to factor                                                     394,391        141,727
Customer deposits                                                  27,800         27,800
Billings in excess of costs and estimated
  earnings on contracts in progress                               323,686        451,282
Accrued liabilities                                               688,518      1,232,525
Commitments & contingencies                                       400,535        400,535
                                                              -----------    -----------

  TOTAL LIABILITIES                                           $ 4,397,472    $ 3,881,890
                                                              ===========    ===========

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
  17,480,000 and 17,480,000 shares issued 2003 and 2004
  and 17,410,000 and 17,480,000 shares
  outstanding 2003 and 2004                                        18,110         18,110
Additional paid-in capital                                      2,412,123      2,412,123
Deferred compensation                                            (332,000)      (320,000)
Contributed capital                                               620,289        620,289
Accumulated deficit, prior year                                (2,570,785)    (3,870,213)
Accumulated earnings (deficit) current year                    (1,299,428)       528,230
                                                              -----------    -----------

  Total paid-in capital and accumulated deficit                (1,151,691)      (611,461)

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

  TOTAL STOCKHOLDERS' EQUITY                                   (1,151,691)      (611,461)
                                                              ===========    ===========

  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                  $ 3,245,781    $ 3,270,429
                                                              ===========    ===========

                                            4
</TABLE>

<PAGE>



                       RENEGADE VENTURE (NEV) CORPORATION
                      Consolidated Statement of Operations
                          As of March 31, 2003 and 2004



                                                           2003         2004
                                                       (unaudited)  (unaudited)
                                                        ----------   ----------


Net sales                                               $3,448,225   $3,586,108

Less cost of sales                                       2,818,668    2,444,172
                                                        ----------   ----------

Gross profit                                               629,557    1,141,936
Less selling, general and administrative expenses          701,485      600,911
                                                        ----------   ----------

Gain (loss) from operations                                (71,928)     541,025

Other income (expense):
  Interest income                                           37,639       28,049
  Interest expense                                         (58,134)     (94,776)
  Miscellaneous expense                                     (1,553)        --
  Miscellaneous income                                       5,190        1,737
  Gain on renegotiation of contract                           --         88,000
  Penalties                                                (33,059)     (35,805)
                                                        ----------   ----------

Net profit/(loss)                                       $ ( 121,84)  $  528,230
                                                        ==========   ==========


Net earnings/(loss) per share                           $    (0.01)  $     0.03
                                                        ==========   ==========

                                       5

<PAGE>
<TABLE>
<CAPTION>



                              RENEGADE VENTURE (NEV) CORPORATION
                         STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                        FOR THE THREE MONTH PERIOD ENDED MARCH 31, 2004


                                                                            (unaudited)
                                                                            Common Stock
                                                                       -----------------------
                                                                         Shares       Amount

<S>                                                                    <C>          <C>
Balance at December 31, 2003                                           25,830,000   $   27,610
                                                                       ----------   ----------

Balance at March 31, 2004                                              25,830,000   $   27,610

Note:
Financial statements reflect changes in shares due to the following:
***Court order discussed under Commitments and Contingencies           (8,100,000)***   (8,100)

****Mediation agreement discussed under Commitments and                  (250,000)****
    Contingencies. Stock returned but not cancelled at 3/31/04
                                                                       ----------   ----------
Balance at March 31, 2004 adjusted for results of legal                17,480,000   $   18,110
proceedings

                                              6
</TABLE>

Note:  The Board of Directors has voided, due to a lack of consideration,
1,500,000 shares of common stock issued to Seajay Holding Company, Inc. As of
March 31, 2004, the stock had not been returned to the Company. The Board has
notified Seajay of its intent to initiate legal proceedings to recover the
shares if they are not returned. There have been no entries in the accompanying
financial statements related to the voiding of the Seajay stock.

<PAGE>


                       RENEGADE VENTURE (NEV) CORPORATION
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                          As of March 31, 2003 and 2004



                                                           2003         2004
                                                        (unaudited)  (unaudited)
                                                         ---------    ---------
Increase (Decrease) in Cash and Cash Equivalents:

Cash flows from operating activities:
    Net Profit/(Loss)                                    $(121,845)   $ 528,230

Adjustments to reconcile net loss to net cash
  provided (used) by operating activities:
    Depreciation                                            26,306       33,705
    Inventory write downs                                     --         46,875
    Gain from renegotiation of contract                       --        (88,000)
    Expenses paid with stock                                18,000       29,481

Changes in Assets and Liabilities:
    Accounts receivable                                   (856,665)    (267,533)
    Prepaid expenses                                       (67,844)      33,722
    Restricted funds                                          --           (245)
    Costs and estimated earnings in excess of
          billings on contracts in progress                (14,200)        --
    Other current assets                                   (87,412)     (61,128)
    Other non-current assets                                (3,000)        --
    Accounts payable-trade                                 281,564     (240,190)
    Accounts payable-related party                         (58,389)      56,737
    Due to factor                                          108,735      (51,613)
    Billings in excess of cost and estimated
       earnings on contracts in progress                    73,351      127,596
    Accrued liabilities                                    243,545      151,420
                                                         ---------    ---------
Net cash provided by/(used for) operating activities      (220,693)     299,057

Cash flows from investing activities:
    Purchase of property, plant and equipment               (8,604)     (37,291)
                                                         ---------    ---------
Net cash used for investing activities                      (8,604)     (37,291)

Cash flows from financing activities:
    Notes payable                                           48,938     (255,554)
    Notes payable - related party                          300,000         --
    Note receivable                                           --         (1,250)
    Note receivable -- related party                          --          6,400
                                                         ---------    ---------
Net cash provided by/(used for) financing activities       251,362     (250,404)

Net increase in cash and cash equivalents                   21,766       11,363
Cash and cash equivalents at beginning of period             1,891        8,680
                                                         ---------    ---------

Cash and cash equivalents at end of period               $  23,657    $  20,043
                                                         =========    =========

                                       7

<PAGE>


                       RENEGADE VENTURE (NEV) CORPORATION


                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 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") 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 HAT since
its inception, April 5, 2002.

2. PENDING MATTER

The Company, through its subsidiary HAT, Inc. had entered into various contracts
with a company called Hamilton Aviation, Inc. ("Hamilton Aviation"). At March
31, 2004, negotiations on a new agreement covering the sale of a portion of
Hamilton Aviation's physical assets to HAT were ongoing. (See subsequent events)

3. 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.

                                       8

<PAGE>


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

Inventory

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

Property and Equipment

Property and equipment are recorded at cost. Depreciation is provided for on the
straight-line method over the estimated useful lives of the assets. 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. Revenues from time and material contracts are
recognized as the services are performed.

4. COMMITMENTS AND CONTINGENCIES

On March 26, 2004, American Capital Ventures, L.L.C. as the lender, amended an
agreement with HAT and the Company. The amended agreement calls for repayment of
$354,375.00 at an interest rate of 1.5% per month on the unpaid balance. The
amended agreement calls for principal payments for half of the unpaid balance
and a final payment of $176,146.87. The original loan represented the first
installment of a bridge loan of up to $2 million. This bridge loan was to be
replaced by a combination of a preferred stock offering and a $4 to $6 million
credit facility. There is no expectation by the Company that any further
borrowings will take place under this agreement.

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

                                       9

<PAGE>


canceling the stock certificate, will pay into escrow $400,535.14, the
consideration originally received by the Company for the shares. The
accompanying financial statements reflect this judgment and the resulting
liability.

In June 2003, the Company reached a mediated agreement with a former director,
Ronald Clark, wherein Mr. Clark will be paid a monetary settlement. A portion of
that settlement relates to stock and a note, created to satisfy the Company's
obligation, will also cover interest and principal of a prior Company borrowing.
Additionally, the Company purchased consignment inventory by means of payment on
a second note, which was paid off during the third quarter of 2003. The final
agreement related to this mediation was executed during the third quarter of
2003 and the basic terms remained the same as on the signed mediation agreement.
Therefore, the appropriate accounting entries included in the financial
statements for June 30, 2003 need no modification. On March 18, 2004, the
Company received the certificates for 250,000 shares of common stock that were
covered by the Ronald Clark mediated agreement as well as a bill of sale for the
consignment inventory that was also part of the transaction.

On December 17, 2003, HAT signed a note with Universal Lease and Finance
Corporation for a short-term loan of $237,000. The balance of this note on March
31, 2004 was $74,057.



5. CONTRACTS IN PROGRESS

At March 31, 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:


Costs incurred on uncompleted          $  560,640
contracts
Profit earned to date                     562,932
                                      -----------
                                       $1,123,572
   Less: Billings to date              (1,520,000)
                                      -----------
                                      ($  396,428)
                                      ===========

Included in the accompanying balance sheet at March 31, 2004 under the following
caption:

Billings in excess of costs and estimated earnings on uncompleted contracts

                                       10

<PAGE>


Billings in excess from above           $   396,428
Time and material advance billed             54,854
                                        -----------
                              Net       $   451,282
                                        ===========

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. TRADE ACCOUNTS RECEIVABLE

As of March 31,2004, trade accounts receivable consist of the following:


                      Contracts in               $   337,994
                      progress
                      Completed                    1,294,457
                      contracts
                                                 -----------
                                                 $ 1,672,451

                      Less: allowance                 (7,952)
                      for doubtful
                      accounts
                                                 -----------
                                                 $ 1,664,499

                                       11

<PAGE>


7. INVENTORY

Inventories consisted of the following:

                 ------------------------ ---------------
                 New aircraft parts       $  206,922
                 ------------------------ ---------------
                 Rotable parts               378,125
                 ------------------------ ---------------
                                          ----------
                 ------------------------ ---------------
                                          $  585,047
                 ------------------------ ---------------


8. GOING CONCERN

The accompanying consolidated financial statements have been prepared assuming
the Company will continue as a going concern. The Company has incurred an
overall loss since acquiring Hamilton Aerospace in May of 2002. The Company
requires, and is currently pursuing, additional capital for growth and strategic
plan implementation.

9. SUBSEQUENT EVENTS

On May 6,2004, ("the Entry Date"), the presiding judge in the Hamilton Aviation
bankruptcy case issued an Order Approving Settlement Agreement relating to the
agreement reached between Hamilton Aviation, Inc. and HAT for the purchase of
certain of Aviations physical assets. The agreement calls for a down payment of
$100,000, $73,365.75 of which had already been paid, and monthly payments of
$15,000 plus interest at 6% per annum. An additional lump sum payment is to be
made by HAT within 60 days of the Entry date plus $50,000 shall be paid on or
before each annual anniversary of the Entry Date. The agreement has a reduced
payoff provision stipulating that if all payments have been made in a timely
manner by the fifth anniversary date of the entry date $1,000,000 will be
considered as payment in full, otherwise the amount is to be $1,500,000. The
agreement calls for a five year entry date anniversary profit payment equal to
one-half of HAT's net profits in excess of 12%, but limited so as to provide no
more than a total of all payments due of $1,500,000 plus interest over the
five-year term of the agreement.


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

                                       12

<PAGE>


assumptions, including among many others relating to our results of operations:
competitive factors, shifts in market demand, and other risks and uncertainties
(including those described under "Risk Factors" below and elsewhere in this
report), our ability to generate sufficient working capital to meet our
operating requirements and service our indebtedness, our ability to refinance
our secured debt, or to convert such debt to equity, maintaining good working
relationships with our vendors and customers, our ability to attract and retain
qualified personnel, future terrorist-related activities, economic factors that
affect the aviation industry, changes in government regulation, increases in
fuel prices, and the overall economy.




                                     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
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
HAT subsidiary. Additionally, the Company will seek to expand HAT. 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 an aircraft 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. HAT's 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

                                       13

<PAGE>

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.

Management has rejected a policy of growth for growth's sake in favor of
focusing on profitability and building a good reputation for HAT's operations
group by limiting work 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. 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. HAT is focused on maintaining a small, but tightly
knit and multi-tasking, highly experienced management team.

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 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 the low cost of its Tucson facility.

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, the bulk of our operations are currently and were as of
March 31, 2004, 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.

                                       14

<PAGE>


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

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

Results for HAT in the first quarter, ended March 31, 2004, 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. 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. Operating revenue for the three months ended March 31, 2003
was $3,448,225. While operating revenue, for the three months ended March 31,
2004, was slightly lower at $3,355,532, gross profit for the first quarter of
2003 was $629,557 while gross profit for the first quarter of 2004 was
$1,056,192. This significant change can be attributed, in part, to labor related
costs decreasing $195,943 or, as a percent of revenue in each period, 5%.
Several of the jobs worked during the first quarter of 2004, were labor
intensive and several were completed with customer furnished parts consequently,
cost of material sold was $300,000 higher in 2003 than in 2004 due to the
character of the jobs worked. Jobs in the first quarter of 2004 had a high
incidence customer furnished materials and several of the jobs were highly labor
intensive. 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.

                                       15

<PAGE>


HAT's option of being selective in the work booked is due to their growing
reputation for providing quality, on-budget, on-time deliveries to their
customers. HAT is experiencing success in securing new customers and securing
more business from existing customers as well.

During the first quarter of 2004, Renegade booked Revenue of $230,576, which was
derived from a one-year, renewable agreement, which began in late August of
2003, with Mesa Airlines, Inc. to furnish manpower to perform routine and
non-routine maintenance services. The gross profit resulting from this revenue
was $85,745. On a consolidated basis, we experienced a $528,230 profit on gross
revenues of $2,444,172.

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 $100,702 in the first
quarter of 2004 and $144,932 in the first quarter of 2003. The 2004 amount
reflects administrative costs of running the Mesa program of $31,026, the cost
of running the holding company itself, $25,805 in legal expense and $4,864 in
travel expense mainly connected with efforts to improve capitalization. During
the first quarter of 2004, Renegade had $33,571 in interest and penalties
expenses 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 $500,210 for the first quarter of 2004 and as a
percentage of revenues were 15%. The same period in 2003 showed operating
expenses of $556,553, which was 16% as a percentage of revenues. Income from
operations was $555,983 for the first quarter, ended March 31, 2004, a
significant change from the $73,004 reported for the first quarter of 2003.

Interest expense for HAT, during the first quarter of 2004, was $60,957 absent
the interest related to factoring the invoices of one of our customers. The
interest expense related to that factoring is passed on to our customer and is
offset by interest income. Renegade interest expense was $7,264.

The following tables depict our results of operations for the first quarter of
2004 and for the first quarter of 2003 on a consolidated basis and the
stand-alone results for HAT.

                                       16

<PAGE>
<TABLE>
<CAPTION>



-------------------------------------------------------------------------------------------------------
First Quarter                       2003                                             2004
-------------------------------------------------------------------------------------------------------
                       Renegade                   HAT                Renegade                   HAT
                     Consolidated             Stand-Alone          Consolidated             Stand-Alone
-------------------------------------------------------------------------------------------------------
<S>                 <C>                     <C>                  <C>                      <C>
Revenues            $3,448,225              $3,448,225           $3,586,108               $3,355,532
------------------ ------------------------------------------------------------------------------------
Cost of sales      ( 2,818,668)           (  2,818,668)          (2,444,172)              ( 2,299,340)
-------------------------------------------------------------------------------------------------------
Expenses           (   751,402)           (    606,470)          (  613,706)              (   475,425)
-------------------------------------------------------------------------------------------------------
Net Profit (Loss)  ($  121,845)             $   23,087           $  528,230               $   580,767
-------------------------------------------------------------------------------------------------------



                         LIQUIDITY AND CAPITAL RESOURCES

Liquidity

As of March 31, 2004, we had outstanding indebtedness of approximately $551,000,
the bulk of which is due for four items: First, the secured bridge facility of
$341,000, second, a mediated agreement, with a former Company director, with a
March 31, 2004 balance of $70,000, and third, a short-term loan secured from
Universal Lease and Finance Corporation, with a balance at March 31, 2004 of
$74,000 and fourth, a Note with Universal Lease and Finance Corporation in the
amount of $54,000. 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.

The level of our indebtedness is meaningful. 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 $3,245,781 as of December 31, 2003, to $3,270,429 at
March 31, 2004. This $24,648 increase is under 1% and therefore has no
significant components.

During the first quarter of 2004, total liabilities decreased from $4,397,472 at
December 31, 2003 to $3,881,890, primarily due to:

     Decreases in trade payables of over $255,000, in notes payable of
     approximately $247,000 and in due to factor of $253,000.

     Increases in accrued liabilities of approximately $143,000 and in billings
     in excess of costs and estimated earnings on contracts in progress of
     $128,000.

                                       17
</TABLE>

<PAGE>


Cash

As of March 31, 2004, we had $20,043 in cash on hand and approximately
$1,493,000 in collectible receivables after eliminating receivables that are
part of factoring arrangements. In the past, we have relied upon borrowings
under the secured bridge facility, financing of our receivables and cash
provided by operations, to meet our working capital requirements. We cannot
assure you that financing alternatives will be available to us in the future to
support our working capital requirements.

Secured Bridge Facility

On December 15, 2002 American Capital Ventures LLC agreed, subject to due
diligence, to provide the company with financing of up to $6 million. On March
1, 2003, Hamilton Aerospace and the Company signed a secured promissory note
with American Capital Ventures, L.L.C. as the lender. This agreement was amended
on March 26, 2004. The agreement now calls for the repayment of $334,375.00 at
an interest rate of 1.5% per month on the unpaid balance. The amended agreement
calls for principal payments for half of the unpaid balance and a final payment
of $176,146.87. Originally, this loan was to represent the first installment of
a bridge loan of up to $2 million. There is no expectation by the Company that
any further borrowings will take place under this agreement.

Substantially all of our assets, and any assets we acquire prior to repaying the
secured promissory note, are pledged as collateral. 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 by
American Capital Ventures under this agreement 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.

                                       18

<PAGE>


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

ITEM 3. CONTROLS AND PROCEDURES

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

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



                           PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

There were no legal proceedings in process at March 31, 2004.

ITEM 5. OTHER ITEMS

On May 6,2004, ("the Entry Date"), the presiding judge in the Hamilton Aviation
bankruptcy case issued an Order Approving Settlement Agreement relating to the
agreement reached between Hamilton Aviation, Inc. and HAT for the purchase of

                                       19

<PAGE>

certain of Aviations physical assets. The agreement calls for a down payment of
$100,000, $73,365.75 of which had already been paid, and monthly payments of
$15,000 plus interest at 6% per annum. An additional lump sum payment is to be
made by HAT within 60 days of the Entry date plus $50,000 shall be paid on or
before each annual anniversary of the Entry Date. The agreement has a reduced
payoff provision stipulating that if all payments have been made in a timely
manner by the fifth anniversary date of the entry date $1,000,000 will be
considered as payment in full, otherwise the amount is to be $1,500,000. The
agreement calls for a five year entry date anniversary profit payment equal to
one-half of HAT's net profits in excess of 12%, but limited so as to provide no
more than a total of all payments due of $1,500,000 plus interest over the
five-year term of the agreement.


ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K


     (a)  Exhibits

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

     (b)  Reports on Form 8-K
None


                                   SIGNATURES

In accordance with the requirements of the Exchange act, the Registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized individual.
Date: May 10, 2004
                                            RENEGADE VENTURE (NEV.) CORPORATION


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