BlackBerry To Close Flight Department as Losses Mount

Smartphone maker BlackBerry (née RIM) plans to close its corporate flight department as part of a comprehensive restructuring plan aimed at stemming losses that are set to total as much as $995 million during its second fiscal quarter, which ended last month. New chief executive Thorsten Heins has decided to sell a Bombardier Global Express that the Waterloo, Ontario-based company bought pre-owned as recently as July for an undisclosed price.