Boeing to Sell Parts of Digital Aviation Solutions Business to Thoma Bravo for $10.55 Billion

Boeing has entered into a definitive agreement to sell select assets of its Digital Aviation Solutions business to software investment firm Thoma Bravo in a $10.55 billion all-cash transaction. The deal includes notable assets such as Jeppesen, ForeFlight, AerData, and OzRunways.

The transaction is part of Boeing’s broader strategy to strengthen its capital structure, refocus on core aerospace operations, and support its investment-grade credit rating. The company will retain digital capabilities essential to its maintenance, diagnostics, and repair services for commercial and defense fleets.

"This transaction is an important component of our strategy to focus on core businesses," said Kelly Ortberg, Boeing’s CEO. Chris Raymond, CEO of Boeing Global Services, added that the move will enable each part of the digital portfolio to sharpen its strengths while continuing to support customers.

Thoma Bravo, a firm with over $179 billion in assets under management, emphasized its commitment to growing the acquired aviation tech platforms. Managing Partner Holden Spaht noted Jeppesen’s long-standing history of innovation since the 1930s and expressed optimism about building on that legacy.

Approximately 3,900 employees work within Boeing’s Digital Aviation Solutions organization. Boeing is coordinating with Thoma Bravo to ensure a smooth transition for personnel and continued service to customers. The deal is expected to close by the end of 2025, pending regulatory approval and customary closing conditions.

Citi is serving as Boeing’s exclusive financial advisor, with Mayer Brown LLP as legal counsel. Thoma Bravo is represented by Kirkland & Ellis LLP.