An Argentinian plane carrying eight passengers and two pilots crashed in Uruguay late Thursday, killing all 10 people on board, media reports said, citing Uruguay's air force.

The small passenger plane crashed shortly after taking off from the Laguna del Sauce International Airport in Punta del Este, Sputnik News reported. The aircraft reportedly caught fire after going down in a shallow lake near the airport.

The twin-engined Beechcraft B-90 King Air was carrying executives of an Argentinian company to Buenos Aires following a business meeting in the eastern resort city, Canal 10, an Uruguayan network reported, citing a fire services spokesperson.

Three bodies have so far been recovered from the wreckage.