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A hot air balloon caught fire at the Hot Air Balloon Festival in Carefree, Arizona on Saturday. The balloon was tied down when a cord ripped sending the balloon free as it caught on fire. Windy conditions are likely to blame. The pilot and another person were on board when it lifted off, the passenger falling about 15 feet but is reported to be okay. The pilot was able to fly the balloon a safe distance from the festival and land it without injuring himself or any others.