Among the assets to be divested to the investment fund are Jeppesen, ForeFlight, AerData, and OzRunways, according to a statement released by the American manufacturer.
However, the company assures that it will retain its main digital assets that utilize specific aircraft data to provide maintenance, diagnostics, and fleet repair services to commercial and defense sector clients.
The sale is expected to be completed by the end of this year, subject to regulatory approval, as reported by Boeing.
“This transaction is an important part of our ongoing strategy to focus on our core businesses,” highlighted Boeing CEO Kelly Ortberg, as quoted in the statement.
Holden Spaht, managing partner of Thoma Bravo, mentioned that they are “proud to invest in such an important technology platform for the aerospace and defense industry.”
Boeing’s Digital Aviation Solutions division currently employs around 3,900 people worldwide, and the manufacturer is working with Thoma Bravo “to help ensure a smooth transition for the workers.”
At the end of last year, the American aerospace giant announced measures to preserve its cash flow, including plans to cut about 10% of its global workforce (171,000 employees in 2023, which means 17,000 jobs).
Additionally, it announced plans to consider selling its aerospace activities to refocus the group’s strategy and strengthen its financial position, which had been in a difficult situation since the COVID-19 pandemic and was aggravated by an incident involving a Boeing Max during a flight with Alaska Airlines in January 2024.
Since then, the U.S. Federal Aviation Administration increased scrutiny of the company, which had been involved in two accidents with the 737 MAX8 in 2018 and 2019 that killed 346 people.
In August of the previous year, NASA also decided that a Boeing spacecraft was not safe enough to transport two astronauts from the International Space Station to Earth.
