Global Aviation Holdings has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined.
Global Aviation expects to use the net proceeds it receives from the offering to pay down certain indebtedness, to expand its combined fleet of aircraft, and for general corporate purposes. The book-running managers of the proposed offering will be Morgan Stanley and Jefferies.
