RIM Said to Sell Jet to Help Save $1 Billion
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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.
The maker of BlackBerry devices put its nine-passenger Dassault Aviation SA 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.