Boeing is offloading parts of its digital aviation solutions unit for $10.55 billion
Boeing is selling a sizable chunk of its digital aviation solutions business — including its interactive flight planning and navigation subsidiary, Jeppesen — to private equity firm Thoma Bravo for $10.55 billion.
Boeing acquired Jeppesen, which is profitable, in 2000 for $1.5 billion. The plane maker has been shopping it around for months as part of CEO Kelly Ortberg’s goal to shrink the company’s $58 billion debt load.
Boeing has had some success in its effort to recover from several quarters marred by production missteps and a seven-week strike. It nearly closed its delivery gap with European rival Airbus in the first quarter.
Still, tariffs aren’t making things easy. China recently ordered its airlines to stop taking deliveries from the plane maker, and a few airplanes bound for China appear to have been returned to sender. Boeing will report its first-quarter results on Wednesday.
