The Red Bull-hosted event in Arizona ended with one of the planes crashing, though both pilots reached the ground safely.
The pair of skydiving masters, who are also cousins, had planned the weekend stunt to swap planes in midair in hopes of setting a new aviation milestone.
But the FAA said it denied a request on Friday from organizers to get an exemption from regulations that cover the safe operation of aircraft. It is unclear how that decision impacted Sunday's event.is a global multi-media company that organized the Sunday event over Phoenix. The plane swap, described by Red Bull as a world first, was to be streamed on Hulu, its exclusive streaming partner. A trailer on Hulu's website teased"no one at the controls" and"1 moment to watch.
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