Flight 235 with 58 people aboard, many of them travelers from China, banked sharply on its side yesterday shortly after takeoff from Taipei, clipped a highway bridge and then careened into the Keelung River.
Rescuers in rubber rafts pulled 15 people alive from the wreckage during daylight.
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Dramatic video clips apparently taken from cars were posted online and aired by broadcasters, showing the ATR 72 propjet as it pivoted onto its side while zooming toward a traffic bridge over the river.
In one of them, the plane rapidly fills the frame as its now-vertical wing scrapes over the road, hitting a vehicle before heading into the river.
Speculation cited in local media said the crew may have turned sharply to follow the line of the river to avoid crashing into a high-rise residential area, but Taiwan's aviation authority said it had no evidence of that.
Taiwanese broadcasters repeatedly played a recording of the plane's final contact with the control tower in which the crew called out "Mayday" three times. The recording offered no direct clues as to why the plane was in distress.
It was the airline's second French-Italian-built ATR 72 to crash in the past year.
Yesterday's flight had taken off at 11:53 a.m (local time) from Taipei's downtown Sungshan Airport en route to the outlying Taiwanese-controlled Kinmen islands. The crew issued the mayday call shortly after takeoff, Taiwanese civil aviation authorities said.
TransAsia director Peter Chen said contact with the plane was lost four minutes after takeoff. He said weather conditions were suitable for flying and the cause of the accident was unknown.
"Actually this aircraft in the accident was the newest model. It hadn't been used for even a year," he told a news conference.
Thirty-one passengers were from China, Taiwan's tourism bureau said. Kinmen's airport is a common link between Taipei and China's Fujian province.
Taiwan's Civil Aeronautics Administration said 31 people were confirmed dead, 15 were rescued with injuries and 12 were still missing. It said two people on the ground were hurt.
Part of the freeway above the river where the plane crashed was littered with debris and was closed after the accident.
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