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Boeing Sells Digital Aviation Assets for $10.5 Billion

Thoma Bravo purchases businesses including Jeppesen, ForeFlight, and AerData.

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[Credit: ForeFlight]
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Key Takeaways:

  • Boeing has completed the sale of significant parts of its digital aviation solutions business, including Jeppesen, ForeFlight, AerData, and OzRunways.
  • These assets were acquired by Chicago-based software investment firm Thoma Bravo for $10.5 billion in cash.
  • The divestment aims to strengthen Boeing’s capital structure, bolster its investment-grade credit rating, and allow the company to focus on its core manufacturing business.
  • Boeing will retain certain digital assets related to aircraft- and fleet-specific data that support maintenance, diagnostics, and repair services for its customers.
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Boeing announced Monday that it has sold off parts of its digital aviation solutions business.

Assets including Jeppesen, ForeFlight, AerData, and OzRunways were transferred to Chicago-based software investment firm Thoma Bravo for $10.5 billion in cash. The transaction will strengthen Boeing’s capital structure, company officials said, while also allowing the manufacturing giant to “focus on core business,” including the retained parts of its digital services portfolio.

Zach Vasile

Zach Vasile is a writer and editor covering news in all aspects of aviation. He has reported for and contributed to the Manchester Journal Inquirer, the Hartford Business Journal, the Charlotte Observer, and the Washington Examiner, with his area of focus being the intersection of business and government policy.

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