Albert Ueltschi Net Worth is
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Albert Lee Ueltschi (May 15, 1917 a?? October 18, 2012) is considered the father of modern aviation training and was the founder of FlightSafety International. Ueltschi was once personal pilot to Juan Trippe and an associate to Charles Lindbergh. On July 21, 2001, Al Ueltschi was enshrined at Dayton, Ohio, in the National Aviation Hall of Fame class of 2001, along with test pilot Joe Engle, United States Marine Corps ace Marion Carl, and USAF ace Robin Olds.
Ueltschi was born and raised in Franklin County, Kentucky. He was the youngest of seven children to Robert and Lena Ueltschi. At age 16, Ueltschi opened a hamburger stand named "Kitty Hawk" across from a White Castle near his high school in Frankfort, Kentucky to pay for flying lessons. His first airplane, purchased using profits earned from Kitty Hawk, was a Waco 10. Ueltschi attended the University of Kentucky for a year but dropped out and instead started a barnstorming career, eventually teaching student pilots at the Queen City Flying Service in Cincinnati. On one occasion, he survived falling out of his airplane while on an instruction flight, parachuting into a briar patch while his student landed safely on his own.
He began his career with Pan Am in 1941 as Juan Trippe's private pilot, retiring in 1968 at the age of 50. While employed with Pan Am, Ueltschi married his wife Eileen in June 1944.
He founded FlightSafety International in 1951 after noticing that corporate pilots did not receive the same rigorous training as airline pilots had. His first endorsement came from Juan Trippe, the president of Pan Am. He stepped down as President of FlightSafety in 2003, yet remained Chairman. The motto he started with still remains with FlightSafety today: "The best safety device in any aircraft is a well-trained crew."
He spent his winters in Vero Beach, Florida, but worked daily in the warmer months at FlightSafety's headquarters at the Marine Air Terminal at LaGuardia Airport in Flushing, Queens, N

Albert Ueltschi Latest News

Albert Ueltschi, Pilot, Billionaire, Buffett Cohort, Dies At 95

(Bloomberg News) 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, according to the ...
Posted: October 22, 2012, 8:29 am

HelpMeSee Uses Novel Digital Approach to Eradicate Blindness

HelpMeSee was co-founded in 2010 by the late aviation pioneer Albert Ueltschi — who launched the Orbis Flying Eye Hospital program – and his son James Tyler Ueltschi, who serves as the organization's chairman and treasurer. Mohan Jacob Thazhathu ...
Posted: April 23, 2015, 5:00 pm

Second-Oldest Forbes 400 Member, Albert Ueltschi, Has Passed Away

Albert Ueltschi, founder of pilot-training company FlightSafety International and a longtime member of the Forbes 400, has passed away. He was 95. Ueltschi was born on May 17, 1917 in Franklin County, Kentucky. The youngest of seven children, he developed ...
Posted: October 22, 2012, 10:51 am
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