Tuesday, December 20, 2011

Grim News: Investment Banker and Family Die in N.J. Plane Crash

According to the Wall St Journal a managing director of a Manhattan investment bank was killed along with his wife, two young children and a co-worker when the small plane he was piloting crashed Tuesday on a busy New Jersey interstate highway not long after the family took off for a holiday visit with relatives.

Jeffrey Buckalew, a 45-year-old managing director at Greenhill & Co., died in the crash with his wife, Corinne, 45, and their children, Jackson, 11, and Meriwether, 9. Also killed was 36-year-old Rakesh Chawla, another managing director at the firm.

A licensed pilot for a decade, Mr. Buckalew took off from Teterboro Airport about 9:50 a.m. en route to Atlanta, where the family planned to spend time with his wife's relatives, said Mr. Buckalew's brother, Doug. The children were on holiday from school.

After takeoff, Mr. Buckalew was in radio contact with air-traffic controllers about icy conditions but didn't appear to be in distress, said Robert Gretz, senior air-safety investigator with the National Transportation Safety Board, which will determine the crash's cause. Fewer than 15 minutes into the flight—at 10:04 a.m.—the single-engine Socata TBM-700 nose-dived onto Interstate 287 just south of Morris Township and burst into flames, said Arlene Salac, a spokeswoman for the Federal Aviation Administration. There were no survivors. A dog aboard the plane was also killed, police said.

Find out more at http://online.wsj.com/article/SB10001424052970204791104577110493871800040.html?mod=WSJ_NY_MIDDLELEADNewsCollection

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