A plane that was coming into land at San Fernando Airport in Buenos Aires overshot the runway and crashed into a house.
Reports claimed the plane appeared to lose control as it came into land at about midday local time on December 18.
The jet appeared to then try to speed up and take off again, but it instead left the runway and crashed into a house at high speed, Clarin reported.
It then erupted into flames, killing the pilot and co-pilot - who were the only people on board at the time.
A 73-year-old man who lived in one of the homes that were damaged was also taken to hospital.
Firefighters quickly arrived at the scene to put a blaze out and investigators are now exploring the wreck.
"We saw the plane coming at full speed. We heard it,” said Melany, one of the homeowners, who is pregnant.
"We were in the yard, and we saw it coming from behind the bars. It was coming straight at us.
"We started running to the back. If we didn't break the wall, we would have died there with the plane."
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CCTV footage shows the plane driving along the ground, through a fence at the edge of the airport and into the building across the road.
The pilots were returning from Uruguay where they had been chartered to go earlier in the morning.
San Fernando Airport, which is located around 1.2 miles from the centre of San Fernando, a northwest suburb of Argentina’s capital, only sees a small number of flights through it each year.
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