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RIM Jet For Sale? Company Reportedly Sells Corporate Plane

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Dassault Aviation's F50EX, the type of jet RIM is reportedly putting on the market, according to Bloomberg News. | Dassault Aviation

(Reuters) - Research In Motion Ltd will sell one of its two corporate jets as part of an effort by the embattled smartphone maker to save $1 billion in annual costs throughout its operations, a report said on Tuesday.

The BlackBerry maker has put its nine-passenger jet up for sale, looking to fetch some $6 million to $7 million, Bloomberg News reported, citing unidentified sources with knowledge of the matter. RIM will hold on to its 14-passenger jet.

A company spokesperson was not immediately available to comment on the story.

Overall, Waterloo, Ontario-based RIM is looking to save some $1 billion in operating costs this year through efficiencies, including layoffs, as its BlackBerry smartphones loses market share and losses mount.

(Reporting by Julie Gordon)

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