Bilder: Per Gram (Red.)
Report
Says Boeing Eyeing Sale Of Jeppesen
Investors are reportedly interested in the chart
provider at an asking price of $6 billion or more.
Updated Nov 10, 2024 11:55 AM EST
Bloomberg
reported that Jeppesen could top Boeing CEO
Kelly Ortberg's list of non-core assets being sold to shore up the planemaker's
balance sheet. Bloomberg, quoting unnamed sources, said the company is looking
for $6 billion for the world's largest provider of aviation charts and air
navigation materials to help whittle down its $58 billion in debt. It paid $1.5
billion for the company in 2000 and it's been a reliable cash cow ever since.
Boeing also owns digital chart provider ForeFlight, which serves Jeppesen
data, but there was no mention of ForeFlight in
the Bloomberg report.
ForeFlight fits the profile of business units Ortberg is looking to
hive off. He announced early in his tenure that he'll look at getting rid of
anything that doesn't directly contribute to the core airliner and defense
businesses. There are reportedly a number of businesses, including hedge funds,
lining up for a crack at Jeppesen and that's prompted speculation that the
historic chart business, which dates to the 1930s, may go for more than the
asking price.
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