Transportation
Boeing’s Jeppesen Unit Draws Aerospace, Buyout Suitors
- RTX, Honeywell, GE Aerospace among those interested in unit
- Boeing looking to shed non-core navigation unit to trim debt
Boeing Co.’s 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, according to people familiar with the matter.
RTX Corp. and Honeywell International Inc. 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 Inc., Carlyle Group Inc., Thoma Bravo, Veritas Capital and Warburg Pincus ahead of the Jan. 29 deadline, the people said.