Faced with crippling losses of an estimated $995 million in the last quarter, Canadian-based BlackBerry has sold its Bombardier Global Express and shuttered its Waterloo, Ontario, flight department. The staff will be among 4,500 to be laid off, a cutback confirmed in a company statement issued last week.
“In light of the company’s current business condition, the company has decided to sell the Global Express along with the two legacy aircraft [a Falcon 50 and Falcon 900EX] and will no longer own any airplanes,” said a company statement issued Sunday. The Falcons, a 1994 Falcon 50 and a 2000 Falcon 900EX, were sold earlier this year and replaced in July with the single Global Express.
