Report: Boeing Eyeing Sale of Jeppesen

Investors are reportedly interested in the chart provider at an asking price of $6 billion or more.

Russ Niles

Monday, November 11, 2024 at 09:02 AM ET

Verified

Edited By:

Travis Tingle

FLYING file photo [Courtesy: Jeppesen/Boeing]

Key Takeaways:

Boeing is reportedly exploring the sale of its Jeppesen unit for an estimated $6 billion to help reduce its $58 billion debt.
This potential divestiture aligns with CEO Kelly Ortberg's strategy to sell non-core assets and refocus on Boeing's core airliner and defense businesses.
Acquired for $1.5 billion in 2000, Jeppesen has been a reliable cash generator, with market interest suggesting it could fetch more than the asking price.

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Bloomberg has reported that Jeppesen could top Boeing CEO Kelly Ortberg’s list of non-core assets being sold to shore up the plane manufacturer’s balance sheet.

Bloomberg, quoting unnamed sources, said the company is looking for $6 billion for the world’s largest provider of aviation charts and air navigation materials to help whittle its $58 billion in debt. It paid $1.5 billion for the company in 2000, and it has been a reliable cash cow ever since.