Feeds

RIM: Maybe we can't flog BlackBerrys, but would you like a jet?

Embattled execs may have to share just one plane

Intelligent flash storage arrays

Beleaguered mobile firm Research in Motion is really scraping the bottom of the barrel, and is looking to sell one of its two corporate jets to try to save some money.

The BlackBerry-maker has put its nine-passenger Dassault Falcon 50EX up for sale in an attempt to bag $6m to $7m, a person familiar with the matter told Bloomberg. But if the company sells the plane, it won't be completely stranded, as it will still have a Dassault F900EX, which carries 14 people.

RIM CEO Thorsten Heins has already said he's trying to save $1bn this fiscal year, which will be partially achieved by cutting 5,000 jobs and a few manufacturing sites. But he also announced that the firm's new operating system, BlackBerry 10, won't be coming out until next year.

BB10 is supposed to be the company's saviour, helping it to regain some decent share of a market filled with Apple fanbois and Android lovers. But it will be a year late if it arrives early next year and RIM's share price has already tumbled over 57 per cent this year.

Heins was forced to deny the company was in "a death spiral" on Canadian radio earlier this month but selling off one of its corporate jets is going to look pretty desperate. On the other hand, it might just be a symbolic gesture to show that management is suffering too at a time when the company is laying off a third of its workforce.

RIM said in a statement that it was "looking at options" with its planes.

"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," the firm said. “It’s all part of the effort to find ways to reduce costs and drive efficiencies that Thorsten Heins has talked about.” ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.