BlackBerry maker Research in Motion may sell both of its corprorate jets in bid to save operating costs, the firm has said. (All images courtesy of AFP/Getty Images)
RIM CEO and president Thorsten Heins (pictured) said \nRIM needs to become a "lean, mean hunting machine".
Almost 20 percent of RIM shareholders have refused to support the re-election to the board of Mike Lazaridis (pictured) amid declining market share.
RIM is cutting $1bn in costs as it loses further ground to Apple and Samsung in the smartphone market.
The firm has delayed the release of its BlackBerry 10 which it is betting will revive its fortunes.
The new Apple iPhone and the phone that Microsoft is working on will both reach consumers before the BlackBerry 10.