S&P: Global Aviation to stable

Standard & Poor's said that it affirmed the ratings, including the B corporate credit rating, on Global Aviation Holdings Inc. and revised the outlook to stable from positive.

The ratings reflect Global Aviation's participation in the cyclical, competitive and capital-intensive commercial heavy airfreight business and its highly leveraged capital structure, S&P said.

The ratings consider the company's participation in the more-stable military charter business and the generally favorable near-term industry outlook, the agency said.

The stable outlook consider the expectation that Global Aviation will benefit from the recovery in commercial demand arising from the improving global economy and from relatively stable military demand over the coming year, the agency added.

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