A FedEx cargo jet averted crashing into a Southwest Airlines commercial plane while attempting to land at Austin-Bergstrom International Airport in Texas. 

The FedEx jet, a Boeing 767, was cleared to land on the same runway early Saturday morning when a Southwest jet, a 737, was cleared to takeoff.  

According to the flight tracking website Flightradar24, the FedEx jet pulled up with full thrust at the very last second to prevent what could've been a devastating air disaster. 

"The pilot of the FedEx airplane discontinued the landing and initiated a climb out," the Federal Aviation Administration (FAA) said in a statement.

Later in the day, the National Transportation Safety Board (NTSB) tweeted, "NTSB is investigating a surface event at Austin-Bergstrom International Airport Saturday, a possible runway incursion and overflight involving airplanes from Southwest Airlines and FedEx." 

The FAA and NTSB said they are investigating the incident.