Richard Cozzi New President of Trump Shuttle

Donald J. Trump has appointed Richard Cozzi president and chief operating officer of the Trump Shuttle, the airline that the cash-short real estate and casino developer has put up for sale.

Cozzi, with the Shuttle since its inception as vice president-operations, replaces Bruce Nobles, who is going on to other endeavors, Trump said in a statement.

“We wish him well,” Trump said.

Trump Shuttle officials were not available to comment on the management shake-up.

Trump bought the Shuttle, which ferries mostly business people between New York, Boston and Washington, from Eastern Airlines for $365 million last year.

Faced with a cash crunch, Trump put the airline up for sale this year and has said he would seriously consider any offer of more than $500 million.