Boeing offloads some software businesses to private equiteer Thoma Bravo
Boeing has confirmed the sale of parts of its “Digital Aviation Solutions” to the private equity firm Thoma Bravo in a deal valued at $10.55 billion. This sale includes various services like Jeppesen and ForeFlight, among others, in an effort for Boeing to focus on its core business operations.
Key Points
- Boeing sells its Digital Aviation Solutions portfolio to Thoma Bravo for $10.55 billion.
- Included in the sale are services like Jeppesen and ForeFlight, which may lead to changes for customers.
- The deal aims to improve Boeing’s financial standing while focusing on core business areas.
- History suggests that private equity acquisitions may lead to cost-cutting and price hikes for users.
- Last year, Boeing reported its largest loss ever at $11.8 billion, showcasing ongoing struggles in the industry.
Why should I read this?
If you’re interested in the latest moves of major industry players like Boeing, this article’s a must-read. It not only highlights Boeing’s financial strategy but also hints at potential changes in services that could impact customers. Staying updated on such strategies is key for understanding the future landscape of aviation software.