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):
                         February 4, 1998



                       THE PITTSTON COMPANY
      (Exact Name of registrant as specified in its charter)





    Virginia               1-9148            54-1317776
 (State or other        (Commission       (I.R.S. Employer
  jurisdiction          File Number)     Identification No.)
of Incorporation)




1000 Virginia Center Parkway
P. O. Box 4229
Glen Allen, VA                               23058-4229
(Address of principal                        (Zip Code)
executive offices)



                          (804)553-3600
       (Registrant's telephone number, including area code)



Item 5.  Other Events

          On February 4, 1998, the Registrant's wholly-owned
subsidiary, BAX Global Inc. ("BAX Global"), the operating unit of
the Pittston Burlington Group, announced that it has signed an
agreement to acquire, subject to regulatory and judicial
approvals and other conditions to closing, Air Transport
International LLC, a privately held, U.S. based freight and
passenger airline. BAX Global's press release dated February 4,
1998, is filed as an exhibit to this report and is incorporated
herein by reference.


                             EXHIBITS

99(a)     Press release of BAX Global Inc., wholly-owned
          subsidiary of the Registrant, dated February 4, 1998.



                            SIGNATURE
          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.


                              THE PITTSTON COMPANY
                                  (Registrant)


                                        
                              By /s/ Austin F. Reed           
                                Vice President, General Counsel
                                  and Secretary


Dated: February 4, 1998


                             EXHIBITS



Exhibit        Description

99(a)          Press release of BAX Global Inc., wholly-owned
               subsidiary of the Registrant, dated February 4,
               1998.

                                                    Exhibit 99(a)


                      BAX Global Inc. Plans
                 To Acquire Certificated Airline

     Richmond, VA -- February 4, 1998.  BAX Global Inc., the
operating unit of the Pittston Burlington Group (NYSE-PZX),
announced today that it has signed an agreement to acquire,
subject to regulatory and judicial approvals and other conditions
to closing, the privately held Air Transport International LLC
("ATI") for cash purchase price of less than $30 million, subject
to possible adjustments.  ATI is a U.S. - based freight and
passenger airline which operates a certificated fleet of DC-8
aircraft providing services to BAX Global and other customers. 
The ATI acquisition is part of BAX Global's strategy to improve
the quality of its service offerings for its customers by
increasing its control over flight operations.  As a result of
this agreement, BAX Global is suspending its efforts to establish
its own certificated airline carrier operations.

                       * * * * * * * * * *

     Pittston Burlington Group Common Stock (NYSE-PZX), Pittston
Brink's Group Common Stock (NYSE-PZB) and Pittston Minerals Group
Common Stock (NYSE-PZM) represent the three classes of common
stock of The Pittston Company, a diversified company with
interests in global freight transportation and logistics
management services through BAX Global Inc. (Pittston Burlington
Group), security services through Brink's, Incorporated and
Brink's Home Security, Inc. (Pittston Brink's Group), and in coal
through Pittston Coal Company and in gold mining and metals
exploration through Pittston Mineral Ventures (Pittston Minerals
Group).