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You Know Things Are Bad When ... RIM Selling Jet

As part of BlackBerry maker's move to cut costs by $1B

By Kate Seamons,  Newser Staff

Posted Jul 11, 2012 9:28 AM CDT

(Newser) – Pity poor, poor RIM, which will soon have to make do with just one of its two private jets. Bloomberg spoke with two sources who revealed that the decision to sell the nine-passenger Dassault Aviation SA F50EX is part of the company's plan to trim operating costs by a cool $1 billion. Shoppers willing to fork over between $6 million and $7 million will get a 13-year-old jet outfitted with "gold-plated hardware" that costs RIM about $3,400 an hour to operate. That means RIM will be saving an estimated $2.1 million a year to operate the plane, but it won't all be gravy, as its commercial travel expenses will rise.

A Dassault plane, but not the F50EX.
A Dassault plane, but not the F50EX.   (AP Photo/dapd/Christof Stache)
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COMMENTS
Showing 3 of 4 comments
bad_ad85
Jul 11, 2012 6:48 PM CDT
Uh oh, we all know what happens when RIM execs fly on commercial flights, right?http://www.themoneytimes.com/node/1701711452
LoginsSuck
Jul 11, 2012 2:20 PM CDT
Garage sales are cool.
WaxHouse
Jul 11, 2012 10:35 AM CDT
why did they have to make the insides out of gold? If I was a rapper I'd buy it.
 

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