According to a Boeing press release, Boeing has confirmed the sale of its companies Jeppesen, ForeFlight, AerData, and OzRunways to investment firm Thoma Bravo. The transaction is valued at $10.55 billion and, as stated in a joint announcement on April 22, is expected to be finalized by the end of 2025, pending regulatory approvals.
This sale is part of Boeing’s strategy to focus on its core aviation business, strengthen its financial position, and maintain its investment-grade credit rating. “This transaction is an important part of our strategy to concentrate on key business activities, strengthen our balance sheet, and prioritize maintaining our investment-grade rating,” said Kelly Ortberg, Boeing’s President and CEO.
Boeing has recently faced increased debt following the 737 MAX door plug incident and labor strikes in Seattle, which pushed its debt to $53.9 billion at the start of 2025. Although the company holds $26.3 billion in cash reserves, the sale of these businesses is expected to further bolster its financial stability.
Boeing acquired Jeppesen in 2000, and it is considered one of the most valuable components of this deal, with an estimated worth between $6 and $8 billion. The package also includes ForeFlight, a flight planning application acquired in 2019, as well as AerData and OzRunways, which specialize in fleet data management and aviation navigation.
Chris Raymond, CEO of Boeing Global Services, emphasized that this deal will allow all parts of the digital portfolio to focus on their core products and services. Meanwhile, Thoma Bravo, known for its investments in technology firms, plans to further enhance these platforms. Scott Crabill, a Managing Partner at Thoma Bravo, stated that the company has shown impressive growth and expressed enthusiasm for supporting its continued development through strategic investments and innovation.
While Boeing is divesting a significant portion of its digital solutions, it will retain key capabilities for fleet data management, particularly those related to military and commercial aircraft maintenance. According to the press release, Boeing will continue developing predictive and diagnostic services for its aircraft. Approximately 3,900 employees from Boeing’s Digital Aviation Solutions division are expected to transition to Thoma Bravo, with Boeing assuring a smooth transition for all involved.
Boeing’s first-quarter 2025 financial results, scheduled for release on April 23, may provide additional details about future restructuring efforts, as noted in the official statement.
