Thoma Bravo Acquires Jeppesen, ForeFlight, AerData, OzRunways

Boeing announced the completion of the $10.55 billion sale of assets from its Digital Aviation Solutions business unit to private equity firm Thoma Bravo. The divestiture includes Jeppesen, ForeFlight, AerData, and OzRunways, and those businesses will operate as the standalone company Jeppesen ForeFlight.

Jeppesen ForeFlight will be led by Brad Surak, former head of Boeing Digital Aviation Solutions, and will have headquarters in Denver, Colorado, and San Francisco, California.

Surak said, “Backed by 90 years of Jeppesen’s gold-standard data and ForeFlight’s relentless spirit of exploration, this combination is building the most unified, intuitive platform in aviation. As we return to independence alongside a leader in software private-equity investing, we’re enabled to move faster, think bigger, and innovate.”

The deal was all-cash and transfers some of Boeing’s most recognizable software and data units to Thoma Bravo, which manages over $181 billion in assets. Boeing said in April 2025 when the deal was announced that the divestiture will bolster its balance sheet, reduce debt, and enable the company to focus on its core manufacturing and services operations.

Boeing will retain digital services related to fleet maintenance, diagnostics, and repair for its commercial and defense customers. They will stay under Boeing Global Services with President and CEO Chris Raymond at the helm.

Raymond said, “This enables all parts of the digital portfolio to focus on their strengths. Our commitment to meeting our customers’ needs is unwavering as we move forward with our core products and services to support their fleets.”

Kelly Ortberg, Boeing’s President and Chief Executive Officer said in April, “This transaction is an important component of our strategy to focus on core businesses, supplement the balance sheet and prioritize the investment-grade credit rating.”

FMI:  www.boeing.com/