Boeing Sells Digital Aviation Solutions Business
Boeing has sold its Digital Aviation Solutions business, including Jeppesen assets, to Thoma Bravo for an undisclosed amount. This sale is part of Boeing’s efforts to focus on its core business of manufacturing commercial airplanes.
Reasons for the Sale
The sale of Digital Aviation Solutions business is a strategic move by Boeing to raise capital and concentrate on its core operations. The company has been facing financial challenges, including declining sales and significant losses.
Impact on Boeing’s Operations
The sale of non-core assets is part of Boeing’s efforts to streamline its operations and improve profitability. The company has been struggling to recover from declining sales and massive losses.
Investor Expectations
Investors are awaiting Boeing’s quarterly earnings report, which is expected to provide insight into the company’s financial performance. Concerns about depressed earnings and the impact of trade wars on Boeing’s operations are expected to be addressed in the report.
Key Facts
- Boeing sold its Digital Aviation Solutions business to Thoma Bravo.
- The sale includes Jeppesen assets.
- The sale is part of Boeing’s efforts to focus on its core business of manufacturing commercial airplanes.
- Boeing has been facing financial challenges, including declining sales and significant losses.