Australia's transport safety investigator has released video footage of a skydiver cutting himself free from his parachute after it became snagged on a plane wing in mid-air.

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Though not required to carry a knife, the skydiver survived by using one to cut away from the snagged reserve parachute, landing safely with the main chute.

A routine skydive turned into a terrifying emergency when a jumper’s reserve chute wrapped around a plane, leaving him dangling in mid-air.