Update — Jan. 5, 8:15 p.m. ET: At least one person was killed and two injured in the crash.
All three people onboard the plane were pilots, Alex Burchetta, director of operations at the Pitkin County Sheriff's Office said.
The person who died was Sergio Carranza Brabata of Mexico, the 54-year-old co-pilot. One of the two other pilots suffered serious injuries, and the other moderate injuries, Burchetta said. Both were taken to the Aspen Valley Hospital.
The cause of the crash is still under investigation.