Avionics
Jeppesen and ForeFlight Sale Could Yield $8B For Boeing
A sale of peripheral assets could net up to $12 billion for the aerospace and defense group
ForeFlight Jeppesen
Jefferies analysts suggest that Boeing might sell its Jeppesen and ForeFlight units separately.

In what it is calling “the great M&A unwind,” Jefferies Equities Research has outlined amounts its analysts believe Boeing could generate with the sale of some prime Boeing Global Services assets. These include Boeing’s digital services companies Jeppesen and ForeFlight as well as Boeing Distribution, which is made up of the former Aviall and KLX Aerospace Solutions.

Although Jefferies estimates that Jeppesen and ForeFlight generate the highest margin (30%) of all the Boeing Global Services entities, its analysts believe Boeing may be planning to sell the digital services companies and that Jeppesen is worth $7 billion and ForeFlight $1 billion. According to Jefferies, Boeing bought Jeppesen for $1.5 billion in 2000 and ForeFlight for $275 million in 2019, and these account for 10% of Boeing Global Services sales.