Boeing to sell portions of its digital aviation solutions business, including Jeppesen, Foreflight, Aerdata, and Ozrunways assets

Boeing to sell portions of its digital aviation solutions business, including Jeppesen, Foreflight, Aerdata, and Ozrunways assets

Boeing (NYSE: BA) has announced the sale of portions of its Digital Aviation Solutions business to Thoma Bravo in an all-cash transaction valued at $10.55 billion. The deal includes Jeppesen, ForeFlight, AerData, and OzRunways assets [1]. Boeing will retain core digital capabilities focused on fleet maintenance, diagnostics, and repair services. The transaction affects approximately 3,900 employees globally and is expected to close by the end of 2025, subject to regulatory approval [1].

The strategic move aligns with Boeing's focus on core businesses and aims to strengthen its balance sheet while prioritizing an investment-grade credit rating. Thoma Bravo, managing over $179 billion in assets, plans to support the acquired business's standalone growth through strategic investments and operational best practices [1]. This transaction provides Boeing with substantial liquidity that can strengthen its financial position while allowing it to concentrate resources on its primary aerospace operations [1].

Boeing's decision to sell portions of its Digital Aviation Solutions business to Thoma Bravo for $10.55 billion represents a significant strategic transaction that aligns with CEO Kelly Ortberg's stated strategy to "focus on core businesses, supplement the balance sheet and prioritize the investment grade credit rating" [1]. The transaction includes the divestiture of Jeppesen, ForeFlight, AerData, and OzRunways assets, while Boeing retains specific digital capabilities related to fleet maintenance, diagnostics, and repair services [1].

The transaction is expected to close by the end of 2025, subject to regulatory approval [1]. For the digital aviation solutions being acquired, Thoma Bravo's specialized focus on software investments could potentially accelerate growth through targeted investment and operational improvements [1]. The private equity firm has expressed interest in building upon Jeppesen's track record and powering "its next phase of growth" [1].

This transaction reflects Boeing's strategic prioritization of its core aerospace manufacturing and services while placing these digital aviation assets under ownership specifically focused on software business development. The substantial cash injection supports Boeing's stated objective of supplementing its balance sheet while focusing on core operations [1].

References:
[1] https://www.stocktitan.net/news/BA/boeing-to-sell-portions-of-digital-aviation-solutions-to-thoma-bravo-zufkurpu5j50.html