Tragedy struck New York City on Thursday when a tourist helicopter crashed into the Hudson River, claiming the lives of all on board, including a senior Siemens executive and his family.

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Authorities have identified the victims as Agustin Escobar, an executive with European technology giant Siemens, his wife, Merce Camprubi Montal, and their three children, aged 4, 5, and 11.

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The 36-year-old pilot, whose name has not yet been publicly released, also perished in the crash, law enforcement sources told ABC News.

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Escobar, who held a key leadership role within Siemens, was reportedly in New York with his family for a brief vacation when the tragedy occurred. Details surrounding the cause of the crash remain under investigation by the National Transportation Safety Board (NTSB) and local authorities.

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Eyewitnesses described scenes of chaos as emergency responders rushed to the scene, but rescue efforts proved futile.

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Siemens has not yet issued an official statement but is said to be working closely with authorities and offering support to the grieving families.

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Further updates are expected as investigations continue into the circumstances surrounding the fatal accident.

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