RIM Selling Its Corporate Jet As Part Of Its Cost Cutting Efforts

Posted on Jul 10 2012 - 2:16pm by Editorial Staff

Although its a demand of “contingency plan” time for Research In Motion, but there is still lots more to come, Bloomberg is reporting that the company will sell one of its two corporate jets as a part of an effort to save $1 billion in annual costs over its operations. The publication citing unidentified sources with knowledge of matter revealed that BlackBerry maker has put its nine-passenger jet up for sale, in order to grab some $6 million to $7 million. The company recently posted a quarterly loss and even delayed BlackBerry 10 operating system over giving silly reasons, so opting for such a move is quite obvious.

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