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)  April 28, 1998

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

                                HERMATON COMPANY
                                  (Former name)


                                    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



<PAGE>



Item 2.           Acquisition or Disposition of Assets.

         On January 23, 1998, Hermaton Company (the "Registrant") entered into a
Share  Purchase  Agreement  under  which it agreed to acquire  51% of the common
stock of Las Vegas Airlines, Inc., a Nevada corporation ("LVA Nevada") $500,000.
The acquisition  closed on April 28, 1998. In connection  with the  acquisition,
the Registrant, a Delaware corporation,  changed its name to Las Vegas Airlines,
Inc.

         The Registrant intends to retain Donald J. Donahue, Sr. as
president of LVA as well as all other management and operational
personnel.  The Registrant has no plans to alter the current
operations of LVA.

         LVA Nevada has been in business for over 24 years,  primarily operating
Navajo  aircraft in a commuter  service  between Las Vegas  Nevada and the Grand
Canyon, in charter  operations in the area, and in conducting tours of the Grand
Canyon and other scenic locations.  The Registrant intends to expand air carrier
service to other locations in the United States.



                                                        2

<PAGE>



Item 7.           Financial Statements, Pro Forma Financial Information and
Exhibits.

         (a)(b)  The  required  financial  statements  and pro  forma  financial
information  is  unavailable  as of the  date  hereof  and  will be filed by the
Registrant  pursuant to the requirements of the Securities  Exchange Act and the
rules and regulations  promulgated  thereunder within 60 days of the date of the
event reported herein.

         (c)      Exhibits

                  2.       Plan of acquisition, reorganization, arrangement,
                           liquidation or succession.

                           2.1.    Share Purchase Agreement, between the Regist-
                                    rant and David J. Donohue, Sr.

                  3.       Certificate of Incorporation and Bylaws

                           3.3      Amendment to Certificate of Incorporation,
                    changing name to Las Vegas Airlines, Inc.



                                   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:  May 13, 1998                                   LAS VEGAS AIRLINES, INC.



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


                                                        3

<PAGE>
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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)  April 28, 1998

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

                                HERMATON COMPANY
                                  (Former name)

                                    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 2.           Acquisition or Disposition of Assets.

         On January 23, 1998, Hermaton Company (the "Registrant") entered into a
Share  Purchase  Agreement  under  which it agreed to acquire  51% of the common
stock of Las Vegas Airlines, Inc., a Nevada corporation ("LVA Nevada") $500,000.
The acquisition  closed on April 28, 1998. In connection  with the  acquisition,
the Registrant, a Delaware corporation,  changed its name to Las Vegas Airlines,
Inc.

         The Registrant intends to retain Donald J. Donahue, Sr. as
president of LVA as well as all other management and operational
personnel.  The Registrant has no plans to alter the current
operations of LVA.

         LVA Nevada has been in business for over 24 years,  primarily operating
Navajo  aircraft in a commuter  service  between Las Vegas  Nevada and the Grand
Canyon, in charter  operations in the area, and in conducting tours of the Grand
Canyon and other scenic locations.  The Registrant intends to expand air carrier
service to other locations in the United States.

                                                        2
Item 7.           Financial Statements, Pro Forma Financial Information and
Exhibits.

         (a)(b)  The  required  financial  statements  and pro  forma  financial
information  is  unavailable  as of the  date  hereof  and  will be filed by the
Registrant  pursuant to the requirements of the Securities  Exchange Act and the
rules and regulations  promulgated  thereunder within 60 days of the date of the
event reported herein.

         (c)      Exhibits

                  2.       Plan of acquisition, reorganization, arrangement,
                           liquidation or succession.

                           2.1.    Share Purchase Agreement, between the Regist-
                                    rant and David J. Donohue, Sr.

                  3.       Certificate of Incorporation and Bylaws

                           3.3      Amendment to Certificate of Incorporation,
                    changing name to Las Vegas Airlines, Inc.

                                   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:  May 13, 1998                                   LAS VEGAS AIRLINES, INC.

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

                                                        3