Posted on 11/10/2024 11:18:10 PM PST by CodeToad
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.
(Excerpt) Read more at money.usnews.com ...
They have to get rid of the accountants running Boeing it’s becoming a travesty this company is going to go broke they don’t get rid of those accountants
DEI forced on manufacturers by Black Rock, State Street et al or the money dries up.
I never knew who owned Jeppesen. All I know is that was supposedly where weather data came from when using Microsoft Flight Simulator.
I have a photo composition on my wall of a variety of Elrey Jeppesen’s possessions related to the early years of his career, and it was signed by him before he passed away. He began in the very early years of aviation as a barnstormer and airmail pilot, and he began to make notes about various aspects of the fields that he flew into, such as the locations of various obstacles, field length, etc. He compiled these notes in what he called his “little black book.” As other pilots became aware of his detailed notes, they kept asking him for copies, which eventually led to the founding of Jeppesen and the beginning of the navigation charting business in general.
Jeppesen is headquartered here in the Denver area (Englewood), and the terminal building at DEN is named after Elrey Jeppesen. If you are passing through, there is also a statue of him and a set of display cases containing many of his iconic possessions.
One thing I’ve always found interesting with respect to Jeppesen (the company) is how they perfectly illustrate the difference between government and private industry. For decades navigation procedure charts have been available from two sources, the government NOS (National Ocean Service) and Jeppesen. The NOS charts are free while Jeppesen’s charts require a subscription and are pretty expensive. Yet, Jeppesen’s charts have become the industry standard and are more widely used than the NOS charts because overall, they are a better product.
Technology. We use Foreflight in our flight department. A couple of times a month the Download button appears on my Ipad app. I push it and charts, databases, airport directories, etc. are updated in seconds.
Every two weeks, I use a computer to update charts from Jeppesen and put it on an SD card. We use that card to update the charts in the aircraft in about a minute.
The government service hasn't kept up with technology.
Substitute “GE” for Boeing.
Selling itself to cover up bad management.
It will be a shell of itself if it continues.
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