Boeing is exploring the sale of its subsidiary Jeppesen for a possible price of 6 billion dollars (5,609 million euros) as a measure to reduce its consolidated debt of 57,700 million dollars (53,940 million euros).
Thus, the North American manufacturer is working with an advisor to give the ‘green light’ to the operation of this Japanese firm that It was acquired in 2000 for a specific value of 1,500 million dollars (1,402 million euros).
The sale process of the asset, which is “profitable” and has “a broad customer base”, with airlines from around the world and the United States, could occur in the first half of 2025, according to ‘Bloomberg’. As can be seen from the statement at the time of the acquisition, Jeppesen offers a full range of print and electronic flight information servicesincluding navigation data, computerized flight planning, aviation software products, aviation weather services, maintenance information, and pilot training systems and supplies.
At the moment, Boeing recovers from 53-day strike that paralyzed the US Seattle area after the union accepted a 38% raise in four years and better retirement contributions. This strike has been the latest headache for the aircraft manufacturer, which has been accumulating a series of problems since the incident on January 5 due to the detachment of a panel on an Alaska Airlines plane.
Recently, the company presented its new quarterly accounts in which it announced that tripled its net losses to 7,968 million dollars (7,448.6 million euros) between January and September, 260% more than the 2,212 million dollars (2,067.8 million euros) of the same period in 2023. In addition, the results also reflected a lower volume of aircraft deliveries and previously announced positions in commercial and defense programs.
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