Speculation is rampant that Boeing plans to offer its Jeppesen subsidiary for sale as part of an effort to raise cash to offset its $58 billion debt. However, there is no indication from Boeing of whether it is offering to sell Jeppesen. During Boeing’s October 23 earnings call, Boeing CEO Kelly Ortberg shed a little light on the portfolio review concept.
“I'm not going to specifically comment on Jeppesen,” he said. “But looking at all of our activities like that, whether it's in our services business or in either [of] the core businesses, looking at what we're doing there and asking the question, does that really fit in our long-term strategy or would that property be better off somewhere else and we could get more value—we’re destroying value by holding it in The Boeing Company. So, those are the things that we'll look at as we do this portfolio review. And my guess is there'll be some things that we want to take action on. I just don't have that list to tell you right now what am I going to do.
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