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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 sold key parts of its digital aviation solutions business, including Jeppesen, ForeFlight, AerData, and OzRunways, to software investment firm Thoma Bravo.
  • The transaction was completed for $10.5 billion in cash.
  • The sale aims to strengthen Boeing's capital structure and allow the company to focus on its core business, while retaining digital assets for aircraft maintenance and repair services.
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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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