Boeing’s Jeppesen unit draws aerospace, private equity suitors, Bloomberg says

Boeing’s (BA) potential sale of its Jeppesen navigation unit is attracting major aviation suppliers and private equity suitors ahead of the deadline for first-round bids next week, Bloomberg’s David Carnevali, Ryan Gould, Kiel Porter, and Julie Johnsson report, citing people familiar with the matter. RTX Corp. (RTX) and Honeywell (HON) are among the companies that have been evaluating Jeppesen, the people said, asking not to be identified because the information is private. The asset is attracting early interest from buyout firms including Advent, Blackstone (BX), Carlyle Group (CG), Thoma Bravo, Veritas Capital and Warburg Pincus ahead of the Jan. 29 deadline, the people said. GE Aerospace (GE) and TransDigm Group (TDG) are also among potential bidders that may study the business, the people said. Jeppesen, which provides interactive flight plans, could fetch $6B-$8B for Boeing, the people said.