Ljubijankić was killed on 28 May 1995 when his helicopter was shot down by a missile over Cetingrad, a Croatian town near the Bosnian border being held by Serb rebels at that time.
Ljubijankić vdiq më 28 maj 1995 kur helikopteri i tij u qëllua nga një raketë në Cetingrad, qytet kroat afër kufirit me Bosnjën e cila u mbajt nga rebelët serb të asaj kohe.