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Tech Investor Killed in Texas Private Jet Crash
Yahoo • • nation
Key Points:
- Joshua Baer, a Texas technology entrepreneur and founder of Capital Factory, died in a private jet crash near Laredo, Texas, after the crew declared a fuel emergency on a flight from Mexico to Austin.
- The Cessna Citation Latitude crashed onto a highway, with five others aboard—including two pilots and three teenagers—surviving the incident.
- Eyewitnesses helped rescue survivors, and Laredo Mayor Victor Trevino called the event a miracle for not resulting in more fatalities.
- Investigators are examining the cause of the crash, with early theories suggesting fuel exhaustion or a possible fuel leak, while the cockpit voice and flight data recorders have been recovered for analysis.
- The crash marks the first fatal accident involving NetJets and its fractional private-jet ownership model since Berkshire Hathaway's acquisition in 1998.
