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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>May 16, 2006</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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    <TH colSpan=2><FONT face="Times New Roman, Times, Serif" size=2></FONT></TH>
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    <TH colSpan=2><FONT face="Times New Roman, Times, Serif"
  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"><B>Formerly
Renegade Venture (NEV) Corporation</B><BR>(Former Name or Former Address if Changed Since Last Report)<BR></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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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 (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 (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.</I></FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>ITEM 2.02.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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 May  16,
2006 Global Aircraft Solutions, Inc. issued a Press Release announcing the  financial
results of the first quarter ended March 31, 2006. The May 16, 2006  Press Release is
furnished hereto as Exhibit 99.1 and incorporated by reference  into this Item 2.02.</FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">The  Press
Release contains discussions of EBITDA (earnings before interest, taxes,  depreciation
and amortization-adds depreciation and amortization to income) for  the first quarter
2006 which is a non-GAAP financial measure. For purposes of  Regulation G, a non-GAAP
financial measure is a numerical measure of a  registrant&#146;s historical or future
financial performance, financial position  or cash flows that excludes amounts, or is
subject to adjustments that have the  effect of excluding amounts, that are included in
the most directly comparable  measure calculated and presented in accordance with GAAP in
the statement of  income, balance sheet or statement of cash flows (or equivalent
statements) of  the issuer; or includes amounts, or is subject to adjustments that have
the  effect of including amounts that are excluded from the most comparable measure  so
calculated and presented. In this regard GAAP refers to generally accepted  accounting
principles in the United States. Pursuant to the requirements of  Regulation G, the
Company reports this financial calculation because it is (i)  useful to investors and
other users of our financial information in evaluating  operating financial performance;
and (ii) a common benchmark used by investors  to evaluate and determine current
operating expense efficiency and operating  profitability on a more variable cost basis
by excluding the depreciation and  amortization expenses related primarily to capital
expenditures and acquisitions  that occurred in prior years. The comparable GAAP
reconciliation is the earnings  reported in the Company&#146;s financial statements that
are prepared in  accordance with GAAP as EBITDA is a measure from GAAP earnings by adding
back  the interest, taxes, depreciation and amortization.</FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">The
information in the press release and in this Item 2.02 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.  Such information 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 such  information.</FONT></FONT></P>

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<A NAME="A002"></A>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>ITEM 9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Financial Statements and Exhibits</B></FONT></FONT></P>

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

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     <TD ALIGN="RIGHT" WIDTH="3%"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">99.1</FONT></FONT></TD>
     <TD ALIGN="LEFT" WIDTH="3%">&nbsp;</TD>
     <TD WIDTH="94%"><P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Copy
of May 16, 2006 Press Release</FONT></FONT> </P></TD>
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<A NAME="A006"></A>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>SIGNATURES</B></FONT></FONT></P>

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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>



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<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2">Date:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;May 16,
2006</FONT></FONT></P>



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     <TD><P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B>Global
Aircraft Solutions, Inc. </B> <BR>(Registrant)<BR><BR><BR><BR>By:&nbsp;&nbsp;/s/&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
John Sawyer<BR>Name:&nbsp;&nbsp; John Sawyer&nbsp; &nbsp;&nbsp; <BR>Title:&nbsp;&nbsp;President</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": "06846898"}, "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):
May 16, 2006
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)
Formerly
Renegade Venture (NEV) Corporation
(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.
ITEM 2.02.      Results
of Operations and Financial Condition
On May  16,
2006 Global Aircraft Solutions, Inc. issued a Press Release announcing the  financial
results of the first quarter ended March 31, 2006. The May 16, 2006  Press Release is
furnished hereto as Exhibit 99.1 and incorporated by reference  into this Item 2.02.
The  Press
Release contains discussions of EBITDA (earnings before interest, taxes,  depreciation
and amortization-adds depreciation and amortization to income) for  the first quarter
2006 which is a non-GAAP financial measure. For purposes of  Regulation G, a non-GAAP
financial measure is a numerical measure of a  registrant's historical or future
financial performance, financial position  or cash flows that excludes amounts, or is
subject to adjustments that have the  effect of excluding amounts, that are included in
the most directly comparable  measure calculated and presented in accordance with GAAP in
the statement of  income, balance sheet or statement of cash flows (or equivalent
statements) of  the issuer; or includes amounts, or is subject to adjustments that have
the  effect of including amounts that are excluded from the most comparable measure  so
calculated and presented. In this regard GAAP refers to generally accepted  accounting
principles in the United States. Pursuant to the requirements of  Regulation G, the
Company reports this financial calculation because it is (i)  useful to investors and
other users of our financial information in evaluating  operating financial performance;
and (ii) a common benchmark used by investors  to evaluate and determine current
operating expense efficiency and operating  profitability on a more variable cost basis
by excluding the depreciation and  amortization expenses related primarily to capital
expenditures and acquisitions  that occurred in prior years. The comparable GAAP
reconciliation is the earnings  reported in the Company's financial statements that
are prepared in  accordance with GAAP as EBITDA is a measure from GAAP earnings by adding
back  the interest, taxes, depreciation and amortization.
The
information in the press release and in this Item 2.02 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.  Such information 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 such  information.
ITEM 9.01.     
Financial Statements and Exhibits
(a)      None
(b)      None
(c)     Exhibits
Exhibit No.
        Document
99.1
Copy
of May 16, 2006 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:     May 16,
2006
Global
Aircraft Solutions, Inc.
(Registrant)
By:  /s/     
John Sawyer
Name:   John Sawyer
Title:  President