Research In Motion Ltd., which has lost 95 percent of its market value since 2008, is selling one of its two business jets under a plan to save $1 billion in operating costs, two people with knowledge of the matter said.
usmediaplannersUS Media PlannersThe F50EX typically costs about $2.1 million a year to run based on an hourly flying cost of $3,400, according to Bill…http://t.co/kkNbZQLe
innocentmuluInnocent muluRIM Said to Sell Jet to Help Save $1 Billion. That also includes cutting 5000 jobs, about a third of RIM's workforce http://t.co/dhAJKJMK
reputninsReinis Putnins#RIM Said to Sell Jet to Help Save $1 Billion http://t.co/LHZZW6ef “With corporate aviation, the symbolism far outweighs the dollars.”