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.