HONOLULU (AP) _ Larry Hillblom, multimillionaire co-founder of DHL Worldwide Express, was killed in a plane crash north of the south Pacific island of Saipan. He was 52.

Hillblom, a resident of Saipan for about 10 years, was piloting the small plane when it crashed into the ocean north of the island, DHL spokesman Dean Christon said today from company headquarters in Redwood City, Calif.

His body and that of one of two passengers was found about 5 p.m. today, Saipan time (3 a.m. EDT), said an official in the Saipan public safety department who would not give his name. The second passenger was not immediately found.

The three left Saipan early Sunday on a pleasure trip to a small island north of Saipan, the official said.

Hillblom founded DHL with Adrian Daisley and Robert Lynn in 1969; the company's name comes from their initials. Daisley died last year and Lynn left the company shortly after its founding, Christon said.

Hillblom remained a major shareholder in the $3 billion-a-year air courier company but was not involved in its operations, Christon said. He was also a major shareholder in Continental Airlines, the spokesman said.

Saipan is the main island in the Commonwealth of Northern Mariana, about 4,000 miles west of Honolulu.