UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington DC 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) February 19, 1999
Big Sky Transportation Company
(Exact name of registrant as specified in its charter)
MONTANA 1-7991 81-0387503
(State or other (Commission (IRS Employer
jurisdiction file number) identification
of incorporation) number)
1601 Aviation Place, Billings MT 59105
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (406) 245-9449
___________________________________________________________________________
(Former name or former address, if changed since last report)
Item 1. Not Applicable
Item 2. Not Applicable
Item 3. Not Applicable
Item 4. Not Applicable
<PAGE>
Item 5. Other Events
The Registrant has closed a private placement financing with Northern
Rockies Venture Fund Ltd. of Butte, Montana (NRVF) and its affiliates, in
which NRVF and affiliates purchased 134,372 shares of Registrant's 1996 Series
Common Stock at a price of $1.75 per share, for the total sum of $235,151.00.
The shares were purchased for investment purposes and are subject to transfer
restrctions. The funds invested will be utilized by the Registrant for
working capital requirements and debt repayment related to its recent
expansion of scheduled airline service in Montana and in the south-central
region of the United States.
Item 6. Not Applicable
Item 7. Not Applicable
Item 8. Not Applicable
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.
BIG SKY TRANSPORTATION CO.
d.b.a BIG SKY AIRLINES
By:/s/ Kim B. Champney
Kim B. Champney
President & CEO
Dated: March 1, 1999
