Boeing Exploring Possible $6 Billion Sale of Jeppesen Unit, Bloomberg News Reports

FILE PHOTO: A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. REUTERS/Benoit Tessier//File Photo

(Reuters) - Boeing is exploring a possible $6 billion sale of its Jeppesen navigation unit, Bloomberg News reported on Friday.

The planemaker is working with an adviser on the potential sale of the unit, which provides interactive flight plans, the report said.

Suitors are already circling Jeppesen, which could attract sizable interest from private equity firms as well as other companies and could fetch more than $6 billion, the report said.

Boeing did not immediately respond to a Reuters request for comment. Its shares were up 0.3% in afternoon trading.



(Reporting by Utkarsh Shetti in Bengaluru; Editing by Krishna Chandra Eluri and Arun Koyyur)