All eight people aboard a private jet registered to Circuit City Stores are confirmed dead after the plane went down on a Pueblo County dairy farm in freezing drizzle.
Sheriff Dan Corsentino says the victims include a pilot, co-pilot and six passengers.
Corsentino says two witnesses told investigators they heard loud popping noises from the twin-engine Cessna Citation C-560 shortly before the crash about 9:15 this morning. Corsentino confirmed the plane was the second of two Circuit City aircraft scheduled to land at the airport.
A statement from company headquarters in Richmond, Virginia says four of the eight victims worked for Circuit City, but were not officers of the nation's second-largest consumer electronics store chain.
The company declined further comment pending notification of relatives.
A spokeswoman for the National Transportation Safety Board says a team from Washington is expected to travel to Pueblo to investigate the cause of the crash.
Circuit City operates a dozen stores in Colorado. Pueblo store manager Eric Flores says he's not sure why company employees were flying in, and that no meetings were scheduled.
Earlier today, Circuit City said it would shutter 19 of its superstores, five regional offices and a distribution center by the end of the month in an effort to improve lagging finances. None of the planned closures are in Colorado.
Spokesman Bill Cimino says today's announcement was not related to yesterday's three-and-a-quarter-(b)-billion-dollar buyout offer from Boston-based Highfields Capital Management.