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Albert Ueltschi, Billionaire CEO for Buffett, Dies at 95

Albert Ueltschi, a pilot who founded aviation-training company FlightSafety in 1951, expanded it into an international powerhouse and sold it to Warren Buffett for $1.5 billion, has died. He was 95.

He died on Oct. 18 at his home in Vero Beach, Florida, according to a statement from the company. No cause was given.