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<A NAME="A001"></A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="3"><B>UNITED
STATES<BR>SECURITIES AND EXCHANGE COMMISSION</B></FONT></FONT></P>

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<A NAME="A003"></A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="3"><B>WASHINGTON,
D.C. 20549</B></FONT></FONT></P>

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<A NAME="A004"></A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="4"><B>FORM
8-K</B></FONT></FONT></P>

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<A NAME="A005"></A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="3"><B>CURRENT
REPORT<BR>Pursuant to Section 13 or 15(d)<BR>of the Securities Exchange Act of 1934</B></FONT></FONT></P>



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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="3">Date of
Report (Date of Earliest Event Reported): <B>March 29, 2007</B></FONT></FONT> </P>

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<A NAME="A008"></A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="6"><B>Global
Aircraft Solutions, Inc.</B></FONT></FONT></P>

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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(Exact Name
of Registrant as Specified in Charter) </FONT></FONT> </P>


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  size=2></FONT></TH></TR>
  <TR vAlign=bottom>
    <TD align=left width="37%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Nevada</B></FONT></TD>
    <TD align=left width="4%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left width="30%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>000-28575</B></FONT></TD>
    <TD align=left width="4%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left width="23%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>84-1108499</B></FONT></TD>
    <TD align=left width="2%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD align=left><FONT face="Times New Roman, Times, Serif" size=2>(State of Incorporation)
      </FONT></TD>
    <TD align=left><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left><FONT face="Times New Roman, Times, Serif"
      size=2>(Commission File Nunber)</FONT></TD>
    <TD align=left><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=center><FONT face="Times New Roman, Times, Serif" size=2>(IRS
      Employer Identification No.)</FONT></TD>
    </TR></TABLE><BR><BR>

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<A NAME="A009"></A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>P.O.
Box 23009 Tucson, AZ 85734</B><BR>(Address of principal executive offices)</FONT></FONT></P>



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<A NAME="A010"></A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>(520)&nbsp;294-3481</B><BR>(Registrant's telephone number, including area code)</FONT></FONT></P>


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<A NAME="A011"></A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(Former Name or Former Address if Changed Since Last Report)</FONT></FONT></P>

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<P ALIGN="LEFT">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (<I>see </I>General Instruction A.2. below):</FONT></FONT> </P>

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     <TD><P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">|_|&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></FONT> </P></TD>
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<BR>

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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></FONT> </P></TD>
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17 CFR
240.14d-2(b)).</FONT></FONT> </P></TD>
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Pre-commencement communications pursuant to Rule 13e-4(c) under  the Exchange Act <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17 CFR
240.13e-14(c).</FONT></FONT> </P></TD>
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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><I>INFORMATION
CONCERNING FORWARD-LOOKING STATEMENTS &#151; This report and the exhibit or
exhibits attached hereto, contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995, including, without
limitation, statements as to management&#146;s good faith expectations and
beliefs, which are subject to inherent uncertainties which are difficult to
predict, and may be beyond the ability of the Company to control.
Forward-looking statements are made based upon management&#146;s expectations
and belief concerning future developments and their potential effect upon the
Company. There can be no assurance that future developments will be in
accordance with management&#146;s expectations or that the effect of future
developments on the Company will be those anticipated by management.</I></FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><I>The
words &#147;believes,&#148; &#147;expects,&#148; &#147;intends,&#148;
&#147;plans,&#148; &#147;anticipates,&#148; &#147;hopes,&#148;
&#147;likely,&#148; &#147;will,&#148; and similar expressions identify such
forward-looking statements. Such forward-looking statements involve known and
unknown risks, uncertainties and other important factors that could cause the
actual results, performance or achievements of the Company or its subsidiaries
or industry results, to differ materially from future results, performance or
achievements expressed or implied by such forward-looking statements.</I></FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><I>Readers
are cautioned not to place undue reliance on these forward-looking statements
which reflect management&#146;s view only as of the date of this Form 8-K. The
Company undertakes no obligation to publicly release the result of any revisions
to these forward-looking statements which may be made to reflect events or
circumstance after the date hereof or to reflect the occurrence of unanticipated
events, conditions or circumstances. For additional information about risks and
uncertainties that could adversely affect the Company&#146;s forward-looking
statements, please refer to the Company&#146;s filings with the Securities and
Exchange Commission, including its Annual Report on Form 10-KSB for the fiscal
year ended December 31, 2005, its quarterly report on Form 10Q for fiscal
quarter ended March 31, 2006, it&#146;s quarterly report on Form 10Q for fiscal
quarter ended June 30, 2006, it&#146;s quarterly report for fiscal quarter ended
September 30, 2006 on Form 10Q and periodic filings on Form 8K.</I></FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B><BR>ITEM 2.02.
Results of Operations and Financial Condition</B></FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">On
November 15, 2006, Global Aircraft Solutions, Inc. (the &#147;Company&#148;)
issued a Press Release announcing, among other things, its results of operations
and financial condition as of and for its third quarter of fiscal year 2006 and
revised guidance regarding expected earnings for fiscal year 2006. In connection
with the announcement, the Company hosted a conference call on November 17,
2006 to discuss the press release and the earnings and results for the third
quarter of fiscal year 2006 as well as earnings guidance for fiscal year 2006.
In the press release the Company stated, &#147;We fully expect to show strong
year-over-year improvement from 2005 to 2006 and to continue to show strong
year-over-year growth for the foreseeable future.&#148; Similar statements were
also expressed during the conference call of November 17, 2006.</FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Management
regrets to announce that the guidance provided in the press release of November
15, 2006 and the conference call of November 17, 2006 has now been revised
downward. Specifically, while the Company will still show a profit for 2006,
both net sales and net profit for 2006 will fall short of those posted for 2005.</FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">The
Company further advises that it will show a loss for the fourth quarter 2006.
This loss is largely attributable to cash flow issues primarily resulting from
rapid growth in the amount of the receivables due from Avolar, non-distribution
of profit and equity by JetGlobal, and non-collection of receivables from BCI.
Management has taken action to address these short-term problems and remains
confident in the Company&#146;s growth and profitability prospects for 2007 and
beyond. All these issues, and others, will be addressed in detail in the
Company&#146;s forthcoming SEC Form 10-K and subsequent conference call.</FONT></FONT></P>


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<HR align=center width="100%" color=#999999 SIZE=3>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">On  March 29,
2007, the Company issued a press release announcing a delay in the filing of the 10-K for
fiscal 2006 and revising the guidance set  forth in it&#146;s November 15, 2006 press
release and it&#146;s November 17,  2006 earnings conference call. A copy of the March
29, 2007 press release issued  by the Company with respect to these matters is attached
hereto as Exhibit 99.1  and incorporated herein by reference.</FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">The
information contained in this Current Report on Form 8-K is being furnished
pursuant to Item 2.02 and Item 7.01 of Form 8-K and shall not be deemed to be
&#147;filed&#148; for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the &#147;Exchange Act&#148;), or otherwise subject to the
liability of that section. The information contained in this Current Report on
Form 8-K shall not be incorporated by reference into any filing under the
Securities Act of 1933, as amended, or the Exchange Act, whether made before or
after the date hereof, except as shall be expressly set forth by specific
reference in such a filing.</FONT></FONT></P>

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<A NAME="A012"></A>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>ITEM 7.01.
REGULATION FD DISCLOSURE</B></FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">The
information included in Item 2.02 of this Form 8-K, including the press release
attached as Exhibit 99.1, is incorporated by reference into this Item 7.01 in
satisfaction of the public disclosure requirements of Regulation FD. This
information is &#147;furnished&#148; and not &#147;filed&#148; for purposes of
Section 18 of the Securities and Exchange Act of 1934, or otherwise subject to
the liabilities of that section. It may be incorporated by reference in another
filing under the Securities and Exchange Act of 1934 or the Securities Act of
1933 only if, and to the extent that, such subsequent filing specifically
references the information incorporated by reference herein.</FONT></FONT></P>

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<A NAME="A013"></A>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>ITEM 9.01.
Financial Statements and Exhibits</B></FONT></FONT></P>

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<A NAME="A014"></A>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None<BR>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None<BR>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits
</FONT></FONT></P>



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<A NAME="A016"></A>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B><U><BR>Exhibit No.</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Document</U></B></FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Copy of
March 29, 2007 Press Release</FONT></FONT></P>


<P style="PAGE-BREAK-BEFORE: always">
<HR align=center width="100%" color=#999999 SIZE=3>


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<A NAME="A017"></A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>SIGNATURES</B></FONT></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</FONT></FONT></P>



<!-- MARKER FORMAT-SHEET="Para Flush" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Date: &nbsp;&nbsp;&nbsp;&nbsp;March 29,
2007</FONT></FONT></P>

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     <TD WIDTH="50%">&nbsp;</TD>
     <TD><P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>Global
Aircraft Solutions, Inc.</B> <BR>(Registrant)</FONT></FONT> </P></TD>
</TR>
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<BR>

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     <TD><P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">By:&nbsp;&nbsp;<U>/s/&nbsp;&nbsp;&nbsp;
John Sawyer</U> <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:&nbsp;&nbsp; John Sawyer&nbsp; &nbsp;&nbsp;&nbsp; <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:&nbsp;&nbsp; President
&nbsp;</FONT></FONT> </P></TD>
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{"company-data": {"conformed-name": "GLOBAL AIRCRAFT SOLUTIONS, INC.", "cik": "0000854171", "assigned-sic": "4581", "irs-number": "841108499", "state-of-incorporation": "AZ", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-28575", "film-number": "07731193"}, "business-address": {"street1": "6900 S. PARK AVE.", "street2": "P.O. BOX 23009", "city": "TUCSON", "state": "AZ", "zip": "85706", "phone": "5202943481"}, "mail-address": {"street1": "6900 S. PARK AVE.", "street2": "P.O. BOX 23009", "city": "TUCSON", "state": "AZ", "zip": "85706"}, "former-company": [{"former-conformed-name": "RENEGADE VENTURE NEV CORP", "date-changed": "19981116"}, {"former-conformed-name": "RENEGADE VENTURE CORP", "date-changed": "19920703"}]}
AutoCoded Document
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of
Report (Date of Earliest Event Reported):
March 29, 2007
Global
Aircraft Solutions, Inc.
(Exact Name
of Registrant as Specified in Charter)
Nevada
000-28575
84-1108499
(State of Incorporation)
(Commission File Nunber)
(IRS
      Employer Identification No.)
P.O.
Box 23009 Tucson, AZ 85734
(Address of principal executive offices)
(520) 294-3481
(Registrant's telephone number, including area code)
(Former Name or Former Address if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (
see
General Instruction A.2. below):
|_|     
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|_|     
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|_|     
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR
240.14d-2(b)).
|_|     
Pre-commencement communications pursuant to Rule 13e-4(c) under  the Exchange Act
(17 CFR
240.13e-14(c).
INFORMATION
CONCERNING FORWARD-LOOKING STATEMENTS — This report and the exhibit or
exhibits attached hereto, contain forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995, including, without
limitation, statements as to management's good faith expectations and
beliefs, which are subject to inherent uncertainties which are difficult to
predict, and may be beyond the ability of the Company to control.
Forward-looking statements are made based upon management's expectations
and belief concerning future developments and their potential effect upon the
Company. There can be no assurance that future developments will be in
accordance with management's expectations or that the effect of future
developments on the Company will be those anticipated by management.
The
words "believes," "expects," "intends,"
"plans," "anticipates," "hopes,"
"likely," "will," and similar expressions identify such
forward-looking statements. Such forward-looking statements involve known and
unknown risks, uncertainties and other important factors that could cause the
actual results, performance or achievements of the Company or its subsidiaries
or industry results, to differ materially from future results, performance or
achievements expressed or implied by such forward-looking statements.
Readers
are cautioned not to place undue reliance on these forward-looking statements
which reflect management's view only as of the date of this Form 8-K. The
Company undertakes no obligation to publicly release the result of any revisions
to these forward-looking statements which may be made to reflect events or
circumstance after the date hereof or to reflect the occurrence of unanticipated
events, conditions or circumstances. For additional information about risks and
uncertainties that could adversely affect the Company's forward-looking
statements, please refer to the Company's filings with the Securities and
Exchange Commission, including its Annual Report on Form 10-KSB for the fiscal
year ended December 31, 2005, its quarterly report on Form 10Q for fiscal
quarter ended March 31, 2006, it's quarterly report on Form 10Q for fiscal
quarter ended June 30, 2006, it's quarterly report for fiscal quarter ended
September 30, 2006 on Form 10Q and periodic filings on Form 8K.
ITEM 2.02.
Results of Operations and Financial Condition
On
November 15, 2006, Global Aircraft Solutions, Inc. (the "Company")
issued a Press Release announcing, among other things, its results of operations
and financial condition as of and for its third quarter of fiscal year 2006 and
revised guidance regarding expected earnings for fiscal year 2006. In connection
with the announcement, the Company hosted a conference call on November 17,
2006 to discuss the press release and the earnings and results for the third
quarter of fiscal year 2006 as well as earnings guidance for fiscal year 2006.
In the press release the Company stated, "We fully expect to show strong
year-over-year improvement from 2005 to 2006 and to continue to show strong
year-over-year growth for the foreseeable future." Similar statements were
also expressed during the conference call of November 17, 2006.
Management
regrets to announce that the guidance provided in the press release of November
15, 2006 and the conference call of November 17, 2006 has now been revised
downward. Specifically, while the Company will still show a profit for 2006,
both net sales and net profit for 2006 will fall short of those posted for 2005.
The
Company further advises that it will show a loss for the fourth quarter 2006.
This loss is largely attributable to cash flow issues primarily resulting from
rapid growth in the amount of the receivables due from Avolar, non-distribution
of profit and equity by JetGlobal, and non-collection of receivables from BCI.
Management has taken action to address these short-term problems and remains
confident in the Company's growth and profitability prospects for 2007 and
beyond. All these issues, and others, will be addressed in detail in the
Company's forthcoming SEC Form 10-K and subsequent conference call.
On  March 29,
2007, the Company issued a press release announcing a delay in the filing of the 10-K for
fiscal 2006 and revising the guidance set  forth in it's November 15, 2006 press
release and it's November 17,  2006 earnings conference call. A copy of the March
29, 2007 press release issued  by the Company with respect to these matters is attached
hereto as Exhibit 99.1  and incorporated herein by reference.
The
information contained in this Current Report on Form 8-K is being furnished
pursuant to Item 2.02 and Item 7.01 of Form 8-K and shall not be deemed to be
"filed" for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the "Exchange Act"), or otherwise subject to the
liability of that section. The information contained in this Current Report on
Form 8-K shall not be incorporated by reference into any filing under the
Securities Act of 1933, as amended, or the Exchange Act, whether made before or
after the date hereof, except as shall be expressly set forth by specific
reference in such a filing.
ITEM 7.01.
REGULATION FD DISCLOSURE
The
information included in Item 2.02 of this Form 8-K, including the press release
attached as Exhibit 99.1, is incorporated by reference into this Item 7.01 in
satisfaction of the public disclosure requirements of Regulation FD. This
information is "furnished" and not "filed" for purposes of
Section 18 of the Securities and Exchange Act of 1934, or otherwise subject to
the liabilities of that section. It may be incorporated by reference in another
filing under the Securities and Exchange Act of 1934 or the Securities Act of
1933 only if, and to the extent that, such subsequent filing specifically
references the information incorporated by reference herein.
ITEM 9.01.
Financial Statements and Exhibits
(a)     None
(b)     None
(c)     Exhibits
Exhibit No.
Document
99.1                  Copy of
March 29, 2007 Press Release
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date:     March 29,
2007
Global
Aircraft Solutions, Inc.
(Registrant)
By:
/s/   
John Sawyer
Name:   John Sawyer
Title:   President