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|Republic Airways Announces CFO Hal Cooper to Leave in 2011|
INDIANAPOLIS, Nov 03, 2010 (BUSINESS WIRE) --
Republic Airways Holdings Inc. (NASDAQ: RJET) announced today that Robert "Hal" Cooper, its executive vice president and chief financial officer, has decided to retire from the airline industry. Cooper will remain in his current role until a successor has been named and a transition is completed, which is expected to be in the first quarter of 2011.
"I am honored to have spent over 11 years working with some truly fantastic people to build a great company," said Cooper. "But after much thought and consideration, my family and I feel that now is the time to consider opportunities outside of the airline industry. Our bench strength at Republic is strong and I'm committed to a seamless transfer of my responsibilities."
Bryan Bedford, chairman and CEO of Republic Airways, said, "I have worked with Hal for more than 18 years at three different airlines. He has made significant contributions at each and he will surely be missed. However, I also respect his decision and wish him and his family well in their future endeavors."
Republic Airways will interview internal and external candidates for this role and has engaged the executive search firm Spencer Stuart to lead this effort. The Company expects to name a replacement early in 2011, and work through an orderly transition.
During the transition period, Timothy P. Dooley, vice president - financial planning and analysis, and Joe Allman, vice president and controller, will work closely with Cooper to ensure a successful transition of responsibilities.
Republic Airways Holdings, based in Indianapolis, Indiana is an airline holding company that owns Chautauqua Airlines, Frontier Airlines, Lynx Aviation, Republic Airlines and Shuttle America, collectively "the airlines." The airlines offer scheduled passenger service on approximately 1,600 flights daily to 123 cities in 43 states, Canada, Costa Rica, and Mexico under branded operations at Frontier Airlines, and through fixed-fee airline services agreements with five major U.S. airlines. The fixed-fee flights are operated under an airline partner brand, such as AmericanConnection, Continental Express, Delta Connection, United Express, and US Airways Express. The airlines currently employ approximately 11,000 aviation professionals and operate 277 aircraft. www.rjet.com
SOURCE: Republic Airways Holdings Inc.
Republic Airways Holdings