Republic Airways Holdings, Inc. promoted Tuesday Tim Dooley to be the new chief financial officer of the airline company, effective immediately. Cooley succeeds Robert Cooper, who announced his retirement from the airline industry in early November, effective March 31, 2011.<br /><br />Indianapolis, Indiana-based Republic Airways also promoted Vice President of Corporate Development Lars-Erik Arnell to be senior vice president of corporate development, effective immediately. Both Cooley and Arnell will report directly to Chairman, President and CEO Bryan Bedford.<br /><br />"Tim has been a key part of our management team for many years and has worked closely with both Hal and myself since being appointed to the executive team. He has built strong relationships with our employees, business partners, and the analyst and investment community, and has consistently demonstrated the skills and qualities that made him the best choice to become our next chief financial officer," Bedford said in a statement.<br /><br />Dooley was most recently the vice president of financial planning & analysis. He joined Chautauqua Airlines, one of the company's subsidiaries in November of 1998 as manager of financial planning and analysis.<br /><br />Dooley was promoted to be the director of financial planning and analysis for Republic Airways in January 2001 and was then promoted to the office of vice president of financial planning and analysis in June of 2006. Prior to joining Chautauqua, he was a senior auditor for Ernst & Young, LLC.<br /><br />"We're extremely fortunate to have talented executives such as Tim and Lars on our team. They both have been strong contributors to our success in the past, and I have every confidence they will continue to do so as we take on new challenges in a very competitive industry," Bedford added.<br /><br /> <br />Republic Airways Holdings is an airline holding company that owns Chautauqua Airlines, Frontier Airlines, Republic Airlines and Shuttle America.<br /><br />RJET closed Tuesday's regular trading session at $5.77, unchanged on a volume of 0.80 million shares.