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5d ago

Boeing Finalizes $10.55 Billion Sale of Digital Aviation Solutions to Thoma Bravo

The aerospace giant's divestiture of Jeppesen and other units aims to reduce debt and refocus on core manufacturing operations.

FILE PHOTO: A Boeing logo is seen at the company's technology and engineering center in Sao Jose dos Campos, Sao Paulo state, Brazil October 10, 2023. REUTERS/Gabriel Araujo/File Photo
The reputation of the world’s largest aerospace company was tarnished by two 737 Max jet crashes
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Overview

  • Boeing has entered a definitive agreement to sell parts of its Digital Aviation Solutions business, including Jeppesen, ForeFlight, AerData, and OzRunways, to private equity firm Thoma Bravo for $10.55 billion in cash.
  • The sale is a strategic move under CEO Kelly Ortberg to streamline operations, reduce Boeing's $58 billion debt, and prioritize its core aerospace and defense businesses.
  • Boeing will retain key digital capabilities related to fleet maintenance, diagnostics, and repair services to continue supporting its commercial and defense customers.
  • Shares of Boeing rose approximately 2.45% following the announcement, reflecting investor optimism about the financial benefits of the transaction.
  • The transaction, which follows a competitive bidding process, is expected to close by the end of 2025 pending regulatory approvals and customary closing conditions.