/// BlackBerry’s Selling Off Its Corporate Jets
Months before announcing a near $1 billion net operating loss and plans to eliminate 40 percent of its workforce, foundering smartphone pioneer BlackBerry bought a long-range private jet in which to ferry its executives around. The second-hand Bombardier Global Express jet was delivered to BlackBerry in July, smack dab in the middle of the gruesome fiscal second quarter of which the company warned on Friday, one that forced it to sack 4,500 employees. It was purchased for an undisclosed sum, but aircraft like it typically command prices upward of $25 million. Truly a poorly timed purchase for BlackBerry, which already owned two Dassault Falcon jets when it agreed to buy the Bombardier. Now in fairness, BlackBerry says it intended the Bombardier to be a replacement for the Dassaults. But the company hadn’t sold them when it made the purchase. Indeed, it still owns them today — though not for much longer. “Several years ago, the company bought two medium-range Dassault aircraft,” BlackBerry said in a statement. “Earlier this year the company decided to sell both planes and replace them with one longer-range aircraft. The company considered several options and selected a used Bombardier aircraft, which was eventually delivered in July.
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BlackBerry’s Selling Off Its Corporate Jets
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