What happened
The incident occurred during the initial climb phase following departure from Búðardalur Bay. Shortly after leaving the ground, the aircraft lost control and struck the water surface. The impact resulted in a total loss of the airframe. All four occupants were killed in the accident. No survivors were reported from this event.
Findings
The source material does not provide specific technical details regarding mechanical failures or pilot error. However, the sequence indicates that the crash occurred immediately after takeoff, suggesting a critical failure during the early ascent phase. The location of the impact was within the bay waters.