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)  November 6, 1998

                            LAS VEGAS AIRLINES, INC.
             (Exact name of registrant as specified in its charter)

                                    Delaware
                 (State or other jurisdiction of incorporation)


         0-22310                                                     33-0564327
(Commission File Number)                      (IRS Employer Identification No.)


24901 Dana Point Harbor Drive, Suite 200                   92629
----------------------------------------------------------------
(Address of principal executive offices)                   (Zip Code)


Registrant's telephone number, including area code:  (949) 498-8494


Item 8.  Change in Registrant's Fiscal Year.

         On November 6, 1998 the Registrant determined to change its fiscal year
end from  March 31 to  September  30 to reflect  the  fiscal  year of its Nevada
operating subsidiary.

                                   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 thereunto duly authorized.

Dated:  November 6, 1998                               LAS VEGAS AIRLINES, INC.



                                                       By: /s/ Jehu Hand
                                                       Jehu Hand
                                                       Chief Executive Officer

                                                        1
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{"company-data": {"conformed-name": "LAS VEGAS AIRLINES INC", "cik": "0000911317", "assigned-sic": "6770", "irs-number": "330564327", "state-of-incorporation": "DE", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-22310", "film-number": "98743710"}, "business-address": {"street1": "24901 DANA POINT HARBOR DRIVE", "street2": "SUITE 200", "city": "NEWPORT BEACH", "state": "CA", "zip": "92629", "phone": "9494888494"}, "mail-address": {"street1": "24901 DANA POINT HARBOR DR", "street2": "STE 200", "city": "DANA POINT", "state": "CA", "zip": "92629"}, "former-company": {"former-conformed-name": "HERMATON CO", "date-changed": "19930826"}}
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)  November 6, 1998

                            LAS VEGAS AIRLINES, INC.
             (Exact name of registrant as specified in its charter)

                                    Delaware
                 (State or other jurisdiction of incorporation)

         0-22310                                                     33-0564327
(Commission File Number)                      (IRS Employer Identification No.)

24901 Dana Point Harbor Drive, Suite 200                   92629
----------------------------------------------------------------
(Address of principal executive offices)                   (Zip Code)

Registrant's telephone number, including area code:  (949) 498-8494

Item 8.  Change in Registrant's Fiscal Year.

         On November 6, 1998 the Registrant determined to change its fiscal year
end from  March 31 to  September  30 to reflect  the  fiscal  year of its Nevada
operating subsidiary.

                                   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 thereunto duly authorized.

Dated:  November 6, 1998                               LAS VEGAS AIRLINES, INC.

                                                       By: /s/ Jehu Hand
                                                       Jehu Hand
                                                       Chief Executive Officer

                                                        1