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Update: Market Chatter: Boeing Attracts Aviation, Private Equity Suitors in Potential Jeppesen Sale
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Update: Market Chatter: Boeing Attracts Aviation, Private Equity Suitors in Potential Jeppesen Sale
Jan 27, 2025 2:35 AM

05:02 AM EST, 01/27/2025 (MT Newswires) -- (Updates with GE Aerospace's response in the final paragraph.)

Boeing's ( BA ) possible sale of its Jeppesen navigation unit is drawing interest from both aviation and private equity firms ahead of a deadline next week for first-round bids, Bloomberg reported Friday, citing people familiar with the matter.

RTX (RTX), GE Aerospace (GE), Honeywell International (HON), and TransDigm Group (TDG) along with buyout firms Blackstone (BX), Carlyle Group (CG), Thoma Bravo, Veritas Capital, Advent, and Warburg Pincus are among the potential bidders for the company, which could be sold for $6 billion to $8 billion, the report said.

It remains unclear which suitors will submit formal offers or even if Boeing ( BA ) will opt to retain the business.

GE Aerospace declined to comment, while Boeing ( BA ) and the other potential suitors did not reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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