Boeing has announced the sale of parts of its digital aviation division, Jeppesen and ForeFlight, to private equity firm Thoma Bravo for $10.55 billion in cash. This divestiture is part of Boeing's strategy to focus on core aerospace and defense businesses, strengthening its financial position amid ongoing industry challenges, according to ft.com.
In addition to the sale, Boeing has responded to the halted aircraft deliveries due to the US-China trade war by reallocating aircraft intended for Chinese carriers to other markets, including India. This step follows China's decision to suspend Boeing aircraft deliveries as part of retaliatory tariffs, highlighting the impact of global trade tensions on commerce.
Boeing is also reinforcing its production capabilities and market presence by acquiring Spirit AeroSystems for $4.7 billion and securing a $2.38 billion contract to produce 15 KC-46A Pegasus aerial refueling tankers for the U.S. Air Force. Furthermore, a preliminary $10 billion deal with Vietnam Airlines for 50 737 Max aircraft marks a strategic expansion into Southeast Asia. These developments focus on enhancing control over production and extending Boeing's market reach.