Sell strategic assets to raise fresh cash and thus "focus resources on fundamentals." This is Boeing's new strategy, which has just confirmed the sale by the end of the year of part of the Digital Aviation Solutions division, linked to digital activities, to the investment fund Thoma Bravo. In this branch of the giant, companies (Jeppesen, ForeFlight, AerData and OzRunways), software, but also 3,900 employees.
To reassure, Boeing reported that it would keep the "crucial" digital activities, in other words those that will handle data essential to aircraft, whether for commercial or military activity.
Boeing does not want 2025 to look like 2024
With this sale, Boeing will recover $10.55 billion, which will go directly into the coffers of the aircraft manufacturer, which is struggling financially, with a debt of $53.9 billion. After the major strike in 2024, which significantly slowed down and cost the American company, it is now time to face the consequences of the trade war initiated by Donald Trump with China, which is now seeking to refuse all of its new aircraft.
In addition to the sale of its software, Boeing could make other disposals in the coming months, while a review of its portfolio "with the aim of selling non-strategic assets" was decided last October. According to the American bank TD Cowen, Boeing could count on the sale of 20 billion in non-strategic assets in total.
In the meantime, with the strike of its employees and the delay caused both in the production and the development of its future aircraft (such as the 777X), Boeing has made a capital increase of $24 billion in the last quarter of 2024 – a record for an American company – in addition to a new line of credit of up to $10 billion.
On Wall Street, the aircraft manufacturer's shares gained 2%, but the company will still have to publish its first-quarter results and set a course for 2025. At this time, the aircraft manufacturer has not given any estimates for the current year, a sign that after having recorded With the second largest annual decline in its history in 2024 ($11.8 billion), Airbus' rival is not yet sure it can turn things around.
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