Former Walmart CEO Saved By Cirrus Parachute

  • Nov 4, 2015 5:53am GMT

Cirrus parachutes have been used more than 50 times. More than 30,000 parachutes have also been installed on a variety of other planes, saving more than 200 lives. Today it was former Walmart CEO Bill Simon's life. He was heading from Bentonville, Arkansas to Waco, Texas, when his Cirrus SR22T ran into engine trouble shortly after takeoff.

Simon told ATC, "I'm going to need an all-crash here. We're going to try to find a place over here that's clear." Moments later the aircraft, under parachute, landed on a stretch of road hitting a pickup truck carrying a female driver and two children. All including Simon, walked away with just minor injuries.

The FAA and NTSB are investigating Tuesday's incident.

VIDEO Associated Press: Plane Flown By Ex-Wal-Mart CEO Crashes A small plane piloted by the former chief executive of Wal-Mart Stores Inc. has crashed near a high school in northwestern Arkansas. Three men aboard were taken to a hospital, along with a woman whose truck was hit. (Nov. 3)