News / Gossips / Blackberry to sell jet to save $1 Billion

Blackberry to sell jet to save $1 Billion07-17-2012

After a rough few years, Research in Motion Ltd is selling one of its two business jets in accordance to its plan to save $1 billion in operating costs.

RIM
The company, more widely known as RIM, has lost about 95% of its market value sine 2008 as it has continued to decline in sales and popularity. 

Blackberry makers
Struggling to maintain profits, the maker of Blackberry is now selling his 9-passenger Dassault Aviation SA F50EX jet with an asking price anywhere between $6 to $7 million. Boasting speeds of 546 miles per hour, the plane is in good condition with merely 4,213 hours of flying time history. 

F50EX
However, this still leaves RIM with a larger, mid-range jet called the F900EX that is capable of accommodating 14 passengers.

BB Bold
The company commented stating, “We’re looking at options with both our aircraft costs and finding ways to reduce our travel while still making sure we keep in close contact with our partners around the world. It’s all part of the effort to find ways to lower costs and drive efficiencies.”
 

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