Overview

• Boeing has finalized an agreement to sell its Jeppesen navigation unit and related assets to private equity firm Thoma Bravo for $10.6 billion in cash.
• The deal also includes ForeFlight, AerData, and OzRunways, expanding Thoma Bravo's portfolio of digital aviation solutions.
• CEO Kelly Ortberg spearheaded the divestiture as part of Boeing's strategy to streamline operations and focus on core aerospace manufacturing.
• Proceeds from the sale will be used to reduce Boeing's $58 billion debt, aiding its recovery from production challenges and financial setbacks.
• Thoma Bravo outbid other private equity firms, including Advent, Blackstone, Carlyle, Veritas, and Warburg Pincus, in a competitive auction process.