The longitudinal stability characteristics of a Wing-In-Ground Effect Craft are quite different from that of the conventional airplane due to the existence of force and moment derivatives with regard to height. This stability characteristics plays a great role in designing a safe and efficient WIG due to its potential danger in sea surface proximity. The static and dynamic stability criteria are derived from the motion equations of WIG in the framework of small disturbance theory and discussed in the paper. The static and dynamic stability analyses of a 20-passenger WIG are conducted based on the wind tunnel test data and the dynamic motion behaviors are investigated for the change of the design parameters. Finally, the flying quality of the 20-passenger WIG is analysed at the cruising condition according to the military regulations.