Boeing has agreed to sell its Jeppesen unit to private equity firm Thoma Bravo for $10.55 billion. The sale is part of CEO Kelly Ortberg’s strategy to reduce Boeing’s debt by divesting non-core assets. Boeing will retain the core digital capabilities from Jeppesen, which provides fleet maintenance, diagnostics, and repair services using aircraft and fleet-specific data. The transaction is expected to close by the end of 2025. Jeppesen, based in Englewood, Colorado, attracted significant interest from private equity firms and aerospace suppliers during the auction process, with final bids exceeding $8 billion. Originally acquired by Boeing in 2000 for $1.5 billion, Jeppesen is considered a valuable asset due to its potential to generate steady cash flow. The sale aligns with Boeing’s focus on core businesses as it prepares to report first-quarter results. — new from Reuters