Fitch shifts One Sky view to positive

Fitch said it revised its outlook for One Sky Flight LLC to positive from stable and affirmed its long-term issuer default rating at B. The agency also withdrew One Sky's term loan B rating following its repayment.

“The company's performance in 2021 is largely in line with Fitch's expectations. Fitch forecasts revenue to grow by 32%-33% from 2020, driven by over 40% improvement in flight revenue, as well as robust performance in fractional and on demand flying. Fitch believes these tailwinds will persist in 2022 as the worst of the coronavirus impact on aviation recedes, however, will likely slow over the forecast,” the agency said in a press release.

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