Technology & Innovation
Boeing Completes $10.55B Sale of Digital Aviation Assets to Thoma Bravo
Boeing sells key digital aviation businesses to Thoma Bravo for $10.55B to focus on core aerospace operations and strengthen finances.

Boeing Finalizes Major Sale of Digital Aviation Assets to Thoma Bravo
In a significant strategic move, Boeing has officially closed the sale of key portions of its Digital Aviation Solutions business to Thoma Bravo, a prominent software investment firm. This deal reshapes parts of the digital aerospace landscape, transferring ownership of several well-established aviation software and data companies. The transaction underscores a deliberate shift in Boeing’s corporate strategy, aiming to streamline operations and fortify its financial standing by concentrating on its primary manufacturing and service divisions.
The assets included in this sale are household names within the aviation community: Jeppesen, a long-standing provider of navigational charts and flight planning services; ForeFlight and OzRunways, both popular flight planning and navigation tool developers; and AerData, which specializes in software for lease management and aircraft records. The finalization of this sale marks the culmination of an agreement first announced on April 22, 2025, and represents a major divestiture for the aerospace giant. For the industry, it signals a new chapter for these essential digital tools under the stewardship of a firm with deep expertise in software growth and development.
This transaction is not merely a line item on a balance sheet; it involves the transfer of approximately 3,900 employees and a portfolio of services critical to pilots, airlines, and leasing companies worldwide. As we break down the components of this deal, we see a clear picture of Boeing’s strategic priorities and Thoma Bravo’s ambition to expand its footprint in the specialized and resilient aerospace technology sector. The move allows both entities to play to their strengths, with Boeing focusing on building and sustaining aircraft and Thoma Bravo on scaling software enterprises.
A Strategic Pivot: Why Boeing Divested
The decision to sell these digital assets is a calculated part of Boeing’s broader Strategy to sharpen its focus on core business operations. The company has been transparent about its goals: to strengthen its capital structure, enhance its balance sheet, and maintain its investment-grade credit rating. By divesting these specialized software units, Boeing can redirect resources and leadership attention to its primary commercial, defense, and space sectors. This move is consistent with recent statements from company leadership about reducing non-essential activities, particularly following financial pressures in other divisions.
It’s crucial to understand what Boeing is keeping. The company is not exiting the digital services space entirely. Instead, it is retaining its core digital capabilities that are intrinsically linked to the aircraft it produces. This includes services that utilize aircraft and fleet-specific data to provide maintenance, diagnostics, and repair support for its commercial and defense customers. This distinction highlights a strategic choice to focus on digital services that directly complement its hardware, rather than standalone software products for the broader aviation market.
The financial implications are substantial. The all-cash transaction is valued at $10.55 billion, providing a significant infusion of capital for Boeing. This influx is instrumental in supporting the company’s financial health and providing flexibility as it navigates the complexities of the global aerospace market. The sale is one of the most significant divestitures for Boeing in recent years and serves as a clear indicator of its commitment to operational and financial discipline.
“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.”, Kelly Ortberg, Boeing President and CEO
Thoma Bravo’s New Horizon in Aerospace
A New Era for Jeppesen, ForeFlight, and AerData
With the acquisition finalized, Jeppesen, ForeFlight, AerData, and OzRunways begin a new phase under the ownership of Thoma Bravo. As a Software-focused investment firm with a track record of nurturing and growing technology companies, Thoma Bravo is well-positioned to guide these assets into their next stage of development. The firm has expressed its enthusiasm for the potential of these businesses, citing their history of innovation and impressive recent growth.
Thoma Bravo’s leadership has articulated a clear vision for the future. The firm plans to support the standalone growth of these companies through strategic Investments and the implementation of operational best practices. This approach suggests a commitment to enhancing the products and services that customers rely on, rather than simply absorbing them into a larger conglomerate. For the thousands of employees transitioning with these businesses, this signals a focus on continuity and future development under new, specialized ownership.
The agreement between Boeing and Thoma Bravo also includes principles for data sharing and future collaborations. This is a critical detail that ensures a smooth transition for customers and maintains the integrity of the services provided. By establishing a framework for cooperation, both companies are working to prevent disruptions and ensure that the high standards of safety and reliability expected in the aviation industry are upheld throughout this ownership change.
Thoma Bravo’s Strategic Investment
This Acquisitions is a significant move for Thoma Bravo, marking a substantial investment in the digital aviation sector. With over $179 billion in assets under management as of the end of 2024, the firm has the capital and expertise to fuel innovation and expansion for its newly acquired portfolio. The purchase aligns with Thoma Bravo’s strategy of investing in market-leading software companies with loyal customer bases and critical operational functions.
The leadership at Thoma Bravo has highlighted the unique strengths of the acquired assets. Holden Spaht, a Managing Partner at the firm, pointed to Jeppesen’s long history of technological innovation as a key factor in the acquisition. Similarly, Scott Crabill, another Managing Partner, noted the “impressive growth transformation in recent years” and expressed a commitment to building on that momentum. These statements reflect a deep appreciation for the legacy and potential of these aviation technology brands.
By bringing these companies under its umbrella, Thoma Bravo is not just acquiring software; it is acquiring decades of industry expertise, trusted brands, and essential infrastructure that supports global aviation. The firm’s role will be to provide the resources and strategic oversight needed to accelerate growth, enhance product offerings, and solidify the market leadership of these digital aviation pioneers.
Conclusion: A Refocused Boeing and an Expanding Thoma Bravo
The completion of this $10.55 billion sale marks a defining moment for both Boeing and Thoma Bravo. For Boeing, it represents a disciplined and strategic decision to double down on its core mission of designing, building, and servicing aircraft. The move strengthens its financial position and allows for greater focus on its primary operational challenges and opportunities. It is a clear execution of a long-term strategy aimed at ensuring stability and sustained growth in its main business areas.
For Thoma Bravo, this acquisition is a powerful entry into the heart of digital aviation. By taking ownership of trusted brands like Jeppesen and ForeFlight, the firm is poised to become a major force in a sector characterized by high barriers to entry and immense long-term value. The future of these assets will now be shaped by a firm dedicated to software excellence, potentially leading to accelerated innovation and new capabilities for the entire aviation ecosystem. This transaction effectively redraws a segment of the aerospace industry map, setting the stage for the next chapter of digital flight operations.
FAQ
Question: What specific businesses did Boeing sell to Thoma Bravo?
Answer: Boeing sold portions of its Digital Aviation Solutions business, which included Jeppesen, ForeFlight, AerData, and OzRunways.
Question: What was the value of the transaction?
Answer: The all-cash deal was valued at $10.55 billion.
Question: Why did Boeing decide to sell these assets?
Answer: The sale is part of Boeing’s strategy to strengthen its capital structure, focus on its core business operations (commercial and defense), and prioritize its investment-grade credit rating.
Sources
Photo Credit: Reuters
Technology & Innovation
Heart Aerospace ES-36 Unveiled With JSX Order for 100 Aircraft
Heart Aerospace unveiled the ES-36 hybrid-electric airliner with a deposit-backed JSX order for up to 100 aircraft and a 2031 service target.

Swedish manufacturer Heart Aerospace unveiled the ES-36 hybrid-electric regional airliner on September 23, 2026, securing a deposit-backed orders from United States public charter carrier JSX for up to 100 Commercial-Aircraft. The commitment includes 50 firm orders and 50 purchase rights, providing a major financial endorsement for the newly redesigned twin-engine production model.
In a press release issued on September 23, 2026, Heart Aerospace detailed the transition from its previously announced ES-30 to the larger ES-36. The updated design offers a 20 percent increase in payload capacity and shifts to a simplified two-nacelle configuration, driven by data gathered from the mid-August 2026 first flight of the company’s X1 demonstrator aircraft.
Design Evolution and Performance Specifications
The ES-36 represents a significant structural and Propulsion pivot for Heart Aerospace. The aircraft features a 95-foot wingspan, which is approximately 11 feet shorter than the preceding ES-30 design. The propulsion system has been streamlined from four propellers to two, utilizing twin series-hybrid powertrains. Each Electric-Aviation motor generates 1.65 megawatts of power.
According to reporting by FLYING Magazine, the ES-36 marks a return to a series-hybrid configuration after the manufacturer temporarily explored an independent hybrid system starting in May 2024. The finalized architecture targets an all-electric range of 125 miles (200 kilometers) and a maximum hybrid range of 745 miles (1,200 kilometers), inclusive of standard reserves.
Heart Aerospace Chief Technology Officer Ben Stabler stated that the design changes stem directly from the X1 demonstrator testing program.
“The ES-36 design is a direct result of what Heart learned designing, building, testing and flying our X1 demonstrator aircraft. Those learnings have helped us make the production aircraft more capable in the air and more productive for operators.”
JSX Fleet Strategy and Route Network
The JSX order advances the carrier’s strategy to deploy zero-emission-capable aircraft on short regional segments. While the ES-36 is designed for 36 passengers, JSX operates under Federal Aviation Administration (FAA) Part 135 Regulations. This regulatory framework legally limits passenger capacity to 30 seats, dictating how the carrier will configure its incoming fleet.
Aviation Week reported that JSX intends to utilize the ES-36 for high-frequency, short-distance routes that are economically unviable for conventional turboprops or regional jets. JSX Chief Executive Officer Alex Wilcox highlighted historical routes along the California coast, such as flights between Santa Monica and Santa Barbara, as prime candidates for the hybrid-electric aircraft.
A key operational advantage for JSX is the reduced maintenance burden of electric propulsion. Wilcox noted to Aviation Week that electric motors lack the cycle sensitivity inherent to traditional turbofan and turboprop engines, allowing for point-to-point flying without prohibitive wear-and-tear costs. Heart Aerospace projects the ES-36 will deliver operating costs at least 40 percent lower than legacy regional aircraft.
Certification Timeline and Market Outlook
The JSX agreement builds upon an initial letter of intent signed in 2023 for the earlier ES-30 model. Heart Aerospace Founder and Chief Executive Officer Anders Forslund credited the charter carrier for championing electric aviation early in the development cycle.
Heart Aerospace is targeting the second half of 2028 for the first flight of the ES-36. The manufacturer anticipates achieving FAA Part 25 certification and subsequent entry into service by 2031.
AirPro News analysis
The transition from the ES-30 to the ES-36 demonstrates a maturation in Heart Aerospace’s design philosophy, prioritizing aerodynamic efficiency and payload over the complexity of a four-engine distributed propulsion system. By securing a firm, deposit-backed commitment from an established operator like JSX, we view Heart Aerospace as having successfully validated its redesign in the commercial market. The 1,415-pound payload increase directly addresses a common vulnerability in early electric aircraft designs, where heavy battery systems often severely restrict practical passenger and cargo capacity. If the 2031 entry-into-service target holds, the ES-36 could become a foundational asset for operators looking to revive dormant short-haul regional networks.
Sources: Heart Aerospace
Photo Credit: Heart Aerospace
Technology & Innovation
Electra.aero EL2 Completes Heliport Flights at Virginia Airports
Electra.aero flew its EL2 demonstrator from commercial heliports in Virginia under the FAA’s AAM Integration Pilot Program.

On September 22, 2026, Electra.aero, Inc. announced the successful completion of test flights operating its hybrid-electric EL2 Ultra Short technology demonstrator from a commercial airport heliport in Virginia. The flights demonstrated the ability of fixed-wing aircraft to utilize vertical flight infrastructure and helicopter-specific instrument procedures, establishing a framework for expanding airport capacity without increasing runway congestion.
In a press release issued on September 22, 2026, the company detailed operations conducted in coordination with the Federal Aviation Administration (FAA) electric Vertical Takeoff and Landing (eVTOL) and Advanced Air Mobility (AAM) Integration Pilot Program. The testing validates the operational model for Electra’s upcoming nine-passenger EL9 aircraft.
Validating Ultra Short operations at commercial Airports
The flight test campaign focused on executing point-in-space procedures and dedicated instrument routings. Electra’s EL2 demonstrator successfully took off and landed on small heliports, vertiports, and taxiways that have historically been restricted to rotorcraft. Operations were conducted at Roanoke–Blacksburg Regional Airport (KROA), Virginia Tech/Montgomery Regional Airport (KBCB), and Allan C Perkinson/Blackstone AAF Airport (KBKT), alongside additional sites in Newport News and Richmond.
Electra Chief Executive Officer Marc Allen stated the Virginia flights provide a preview of future airspace integration.
“We showed that fixed-wing, Ultra Short aircraft can use vertical flight landing areas and a new generation of instrument procedures to reach places conventional airplanes were never designed to access. This will both bring air service closer to the passenger and also expand capacity at commercial airports in completely non-congestive ways,” Allen said.
Regulatory coordination and future integration
The testing represents the culmination of a year-long effort between Electra, the FAA, the Virginia Smart Airspace Program, the Virginia Department of Aviation, and the Pennsylvania Department of Transportation (PennDOT) to develop flexible approach procedures for Ultra Short aircraft. By utilizing airspace and airport surfaces currently underutilized by conventional fixed-wing traffic, the operations aim to establish guidelines for integrating new aircraft classes into the National Airspace System.
Dr. Parker Vascik, Director of Product Strategy at Electra, described the flights as a foundational step for AAM operations.
“All in all, we demonstrated the core enabling principle of Ultra Short aircraft feeding into major airports in a manner that complements rather than burdens the air traffic system,” Vascik said.
Tombo Jones, Director of the Virginia Tech Mid-Atlantic Aviation Partnership, emphasized the necessity of practical flight testing to generate the operational data required to integrate new aircraft types safely and efficiently into the airspace system.
The EL9 production aircraft
The operational data gathered from the EL2 demonstrator flights will directly support the development and certification of Electra’s flagship EL9 Ultra Short aircraft. According to the company, the EL9 is designed to offer a 2.5x payload multiplier and a 10x range multiplier compared to standard helicopters and eVTOLs.
Operating costs for the EL9 are projected to be 70 percent lower than comparable rotorcraft. Electra reports holding more than 2,200 letters of intent from over 60 commercial customers for the production aircraft.
AirPro News analysis
The successful demonstration of fixed-wing operations on helicopter infrastructure addresses a primary bottleneck in the Advanced Air Mobility sector: ground infrastructure. By proving that the EL2 can utilize existing heliports and point-in-space instrument procedures, Electra bypasses the need for bespoke vertiport construction that many eVTOL manufacturers require. We view this as a significant regulatory and operational de-risking milestone for the EL9 program. If the FAA formally adopts these flexible approach procedures, Electra’s operators will gain immediate access to a vast network of underutilized urban and airport-adjacent landing sites.
Sources: Electra.aero, Inc.
Photo Credit: Electra aero
Technology & Innovation
Rolls-Royce to Lead ELEVATED Hybrid-Electric EU Project
Rolls-Royce leads the ELEVATED consortium under EU Clean Aviation, targeting 20% CO2 cuts with 2028 ground testing.

Rolls-Royce will lead a European consortium to develop and test a hybrid-electric gas-turbine propulsion system, targeting a minimum 20 percent reduction in aircraft-level carbon dioxide emissions for future short- to medium-range aircraft.
In a press release issued on September 18, 2026, the manufacturers announced its selection to head the ELEVATED project under the European Union’s Clean Aviation Joint Undertaking (CAJU). The initiative will embed a hybrid-electric subsystem into a donor engine for realistic ground testing, which is scheduled for 2028 using the Rolls-Royce UltraFan 30 narrowbody technology demonstrator.
Clean Aviation funding and consortium details
The ELEVATED project is one of 19 initiatives selected during the CAJU Call 4 funding round. The European Union allocated up to €290 million across these projects, generating a total public and private investments of €664 million. The broader Clean Aviation programme operates with a €4.1 billion budget, comprising €1.7 billion in EU funding and €2.4 billion from private sources.
Rolls-Royce Deutschland Ltd & Co KG will lead the ELEVATED consortium. The group includes academic, research, and industry partners distributed across France, Germany, the Netherlands, Norway, Spain, and the United Kingdom.
The overarching goal of the Clean Aviation programme for short- to medium-range and regional aircraft is a 30 percent reduction in emission footprint compared to 2020 state-of-the-art aircraft. The ELEVATED project specifically aims to advance hybrid-electric technology toward Technology Readiness Level 6 (TRL6).
Integration with the UltraFan 30 demonstrator
The project will utilize the UltraFan 30, a technology demonstrator designed by Rolls-Royce for narrowbody applications and engineered for compatibility with 100 percent sustainable aviation fuel (SAF). By integrating hybrid-electric elements into this architecture, the consortium intends to evaluate the performance impacts on thrust, fuel burn, noise, and durability.
Alan Newby, Director – Research & Technology at Rolls-Royce, stated that the project will generate data to validate modeling and inform future technology selection, product development, and certification planning.
“Together with the turbomachinery work being advanced through the ongoing UNIFIED project, it will help bring together the key technology paths needed to validate future UltraFan capability and support best-in-class performance in thrust, fuel burn, noise, emissions and durability,” Newby said in the company statement.
Additional hydrogen research initiatives
Alongside the ELEVATED project, Rolls-Royce confirmed its participation in two other newly announced Clean Aviation projects. The FARMAN project will focus on the development of hydrogen distribution systems for commercial aviation applications.
The company will also participate in the H-ELENA project, which is dedicated to advancing hydrogen engines for low-emission nitrogen oxide (NOx) architectures. Both projects align with the manufacturer’s broader research into alternative propulsion and fuel systems.
AirPro News analysis
The selection of Rolls-Royce to lead the ELEVATED project underscores the European aerospace sector’s reliance on established engine manufacturers to drive the transition toward hybrid-electric architectures. By anchoring the hybrid-electric subsystem testing to the UltraFan 30 demonstrator, we see a clear strategy to mature multiple technologies simultaneously. The 2028 ground testing target is ambitious but necessary if these propulsion systems are to reach TRL6 in time to influence the next generation of narrowbody aircraft designs expected in the 2030s.
Sources: Rolls-Royce
Photo Credit: Rolls-Royce
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