Boeing Closes $10.55 Billion Sale of Jeppesen, ForeFlight to Thoma Bravo
The assets begin life as a standalone aviation software company led by Brad Surak with planned investment in AI and integrated operations tools.
Overview
- Jeppesen, ForeFlight, AerData and OzRunways now operate as Jeppesen ForeFlight, headquartered in Denver and San Francisco under CEO Brad Surak.
- The all-cash transaction transfers Boeing’s prominent aviation software and data units to Thoma Bravo, which manages more than $181 billion in assets.
- Thoma Bravo signaled an expansion strategy for Jeppesen ForeFlight that includes artificial intelligence capabilities, integrated operations tooling and potential acquisitions.
- Boeing retains digital offerings tied to fleet maintenance, diagnostics and repair within Boeing Global Services under President and CEO Chris Raymond.
- Approximately 3,900 employees from the Digital Aviation Solutions organization are transitioning, and Boeing will detail financial impacts in its next quarterly results.