BlackBerry maker mulls sale of corporate jets

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