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Capital Factory CEO Joshua Baer killed in plane crash near Laredo, Texas
KEYE • • nation
Key Points:
- Joshua Baer, co-founder and CEO of Capital Factory, died in a small business jet crash near Laredo, Texas, after the aircraft reported mechanical problems while attempting to land at Laredo International Airport.
- The crash occurred shortly before 10 p.m. on Loop 20, striking a moving vehicle and injuring one person in the car; five other passengers survived with non-serious injuries and were hospitalized.
- Emergency responders and bystanders conducted rescue efforts, with five Laredo police officers also hospitalized due to injuries sustained during the operation, praised by Laredo’s mayor for their heroism.
- The plane, a NetJets-operated Cessna Citation Latitude, had diverted from Austin to Laredo after departing San José del Cabo, Mexico, and lost contact with air traffic control about 2.5 miles from the runway.
- Federal agencies including the NTSB and FAA have begun a detailed investigation into the crash, examining all flight aspects and mechanical records; Capital Factory expressed profound sadness and requested privacy for Baer's family.
