Boeing sells digital aviation unit to Thoma Bravo in $10.55 billion deal

Holden Spaht, Managing Partner at Thoma Bravo, expressed pride in acquiring a significant aerospace technology platform. He noted, "Jeppesen’s heritage dates back to the 1930s," emphasizing the company's longstanding role in technological innovation. Scott Crabill, another Managing Partner at Thoma Bravo, commended the business's recent growth transformation.

The transaction is set to conclude in late 2025. Approximately 3,900 Boeing Digital Aviation Solutions employees will transfer to Thoma Bravo, the company said, ensuring a seamless transition.

Boeing, following a challenging 2024, reported a net loss of $11.8 billion due to ongoing issues with the 737 MAX program, a strike by machinists, and a midair incident. These obstacles impacted the company's financial performance, although cash reserves were $13.8 billion at year-end.

In the context of previous discussions about Boeing's portfolio, CEO Ortberg mentioned during a Q4 2024 earnings call that the company was completing its portfolio review but did not foresee "a major restructuring of the Boeing Company." CFO Brian West emphasized at a conference that the company aimed for focus and simplicity, addressing areas not integral to its core business.

Boeing is set to release its Q1 results on April 23, following this major sale.