Boeing has agreed to sell part of its Digital Aviation Solutions business to major software investment firm Thoma Bravo.
This includes Jeppesen, ForeFlight, AerData, and OzRunways. The sale price is 10.55 billion USD, all in cash. The transaction is expected to be completed by the end of the year. Around 3,900 employees worldwide are involved in the business, and some portions will remain with Boeing.
Boeing states that this decision is based on a strategy to focus on core operations, enhance the balance sheet, and prioritize investment-grade ratings.
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