As BlackBerry Cuts 4,500 Jobs, Company Acquires Jet for Executives

This morning BlackBerry posted a $1 billion lost as its revenues sank by 50%. The crumbling company now plans to cut a staggering 4,500 jobs—more than 40% of its already dwindled workforce—within the next year.

But don’t worry: executives at the Waterloo-based smartphone maker have a new jet to fly in.

According to Canadian aircraft-registry records first pointed out by the Wall Street Journal, BlackBerry in July bought a pre-owned 2006 Bombardier Global Express, valued at up to $30 million.

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However, when reached for comment, BlackBerry stated that it plans to sell this aircraft along with two older planes it owns as well.

“In light of the company’s current business condition,” spokesman Adam Emery said in a statement to the WSJ, “the company has decided to sell that aircraft along with the two legacy aircraft and will no longer own any planes.”