HELLFIRE https://www.aerotime.aero/articles/boeing-jeppesen-sale-thoma-bravo Boeing has entered into a definitive agreement to sell several assets from its Digital Aviation Solutions business to Thoma Bravo, a software investment firm. The all-cash transaction is valued at $10.55 billion and includes Jeppesen, ForeFlight, AerData, and OzRunways. The agreement is part of Boeing’s effort to streamline operations, reduce debt, and maintain its investment-grade credit rating. … Boeing will retain digital services that support commercial and defense customers with fleet maintenance, diagnostics, and repair. These services will continue to provide predictive and prognostic maintenance insights. … https://aviationsourcenews.com/boeing-sells-jeppesen-and-foreflight-a-strategic-pivot-to-reduce-debt/ … The Digital Aviation Solutions division employs about 3,900 workers, and Boeing has pledged to work with Thoma Bravo to ensure a smooth transition for employees and customers. Jeppesen and ForeFlight serve a wide range of clients, from commercial airlines to private pilots, and their reputation for reliability is unmatched. Maintaining service quality during this handover will be crucial to preserving their value. For Boeing, the sale is something of a double-edged sword. While it sheds non-core businesses, it also parts with profitable units that generated steady revenue. Critics argue this could weaken Boeing’s presence in the growing digital aviation market. However, Ortberg’s strategy prioritizes long-term stability over short-term diversification. Essentially, he is betting that a sharper focus on manufacturing and defense will restore Boeing’s financial health. … Regards
Somewhat-Reticent Selling “profitable units that generated steady revenue” sounds like a panic sale. Where’s that MCAS in all this?