Reported 16 days ago
Boeing Co. is evaluating the potential sale of its Jeppesen navigation unit, valued at over $6 billion, as part of a strategy to alleviate its $58 billion debt burden. The company is working with an adviser and has seen interest from private equity firms. While selling Jeppesen, which contributes significantly to Boeing's cash flow, could help reduce debts, it may deprive the company of a profitable asset. The possible sale could occur as early as the first half of 2025, as Boeing assesses its portfolio for non-core divestitures.
Source: YAHOO