With Research in Motion's shares trading at an eight-year low, the Canadian handset maker is looking for any and all ways to cut costs. Well, it seems to have found a way. Bloomberg is reporting that BlackBerry's parent company is planning to sell one of its company jets in an effort to save $1 billion in operating costs:
"The maker of BlackBerry devices put its nine-passenger Dassault Aviation SA (DSY) F50EX up for sale, trying to fetch $6 million to $7 million, one of the people said. The person declined to be named because the sale hasn’t been completed. Selling the midrange jet would leave RIM with one Dassault F900EX, a longer-range aircraft that can fit 14 passengers, the person said."
We think the execs should sell both jets and get their Air Canada miles up.