Thursday, July 10, 2025

Creating liberating content

TCS Q1 FY205-26 results: Tata Consultancy Services, India’s largest IT

Let’s be real: when you think of timeless elegance, old-school

Related News

NEW DELHI: The government is planning another round of stake sale in Life Insurance Corporation (LIC), and the Department of Investment and Public Asset Management (DIPAM) set to finalise the

TCS Q1 FY205-26 results: Tata Consultancy Services, India’s largest IT services provider, reported a Profit After Tax (PAT) of Rs 12,760 crore for the first quarter of the ongoing financial

NEW DELHI: As digital payments become a part of everyday life, the National Payments Corporation of India (NPCI) has issued key safety tips to protect users from financial frauds and

Let’s be real: when you think of timeless elegance, old-school glam, and pure Bollywood royalty, one name rises above the rest – Rekha. But here’s the thing, she’s not just

“You have to remain active, sit down, and just do nothing that is bad for your health,” Dr Mahathir told The Straits Times. The advice may sound simple, but the

When it comes to elephant volunteering, Thailand’s Elephant Nature Park is one of the best places to start with. Located near Chiang Mai, this sanctuary rescues elephants from logging camps,

Trending News

TCS Q1 FY205-26 results: Tata Consultancy Services, India’s largest IT services provider, reported a Profit After Tax (PAT) of Rs 12,760 crore for the first quarter of the ongoing financial

NEW DELHI: As digital payments become a part of everyday life, the National Payments Corporation of India (NPCI) has issued key safety tips to protect users from financial frauds and

Oil India Ltd, entered in a long term agreement with Gail, under which it would be selling natural gas from its Rajasthan field for the next 15 years. The deal

India had previously suggested retaliatory tariffs against US automotive duties last week. (AI image) Amidst ongoing trade deal talks, India has proposed retaliatory tariffs on Wednesday against the United States

Asian stock markets mostly advanced on Thursday, supported by hopes that global leaders will reach agreements to ease the impact of US President Donald Trump’s new wave of tariffs. Despite

Bitcoin surged to a new all-time high on Wednesday, driven by growing investor appetite and strong institutional demand as more traditional financial firms adopt the cryptocurrency.Bitcoin touched $111,988.90 before settling

Boeing announces $10.55 billion sale of digital aviation assets to Thoma Bravo

Word Count: 515 | Estimated Reading Time: 3 minutes


Boeing announces $10.55 billion sale of digital aviation assets to Thoma Bravo

Aerospace major Boeing announced on Tuesday that it will sell parts of its digital aviation solutions business to software-focused investment firmThoma Bravo in a deal valued at $10.55 billion.
The agreement includes the sale of Jeppesen, an 81-year-old aviation navigation company that Boeing acquired in 2000. Despite the divestiture, Boeing stated it will retain its “core digital capabilities” to continue supporting fleet maintenance and repair services for its customers, AFP reported.
Boeing CEO Kelly Ortberg described the sale as part of a broader strategy to streamline operations and strengthen the company’s financial standing following a period of sustained losses.
“This transaction is an important component of our strategy to focus on core businesses, supplement the balance sheet and prioritize the investment grade credit rating,” Ortberg said in a statement.
Approximately 3,900 employees are currently part of Boeing’s digital aviation solutions unit. The company said it is working closely with Thoma Bravo to ensure a smooth transition for employees and uninterrupted service to customers.
Thoma Bravo, which manages around $179 billion in assets, is one of the largest software-focused investors globally.
Following the announcement, shares of Boeing rose 1.2% in early trading.





Source link

Sign In

Welcome ! Log into Your Account