From another forum...
A very sad day here. The Captain was an experienced and very popular pilot by all accounts. His body was found earlier today. Initial survivor accounts indicate that the aircraft hit the water while overshooting from an NDB/ARA in bad weather. It broke in half where the tail connects to the body and the majority of the passengers escaped through the hole this created. Eurocopter are on scene and until the FDR is recovered will not comment on any technical issues. The floats were not activated and the aircraft sank very quickly. I'll post more when it is released locally rather than speculate.
My condolences.
