You've got to give the pilot of this plane credit for maintaining his calm under pressure. Sounds like his quick thinking, level headedness and skill saved quite a few lives.
Another survivor Fred Beretta reportedly said: "The engine blew out then the pilot turned around and made a line for the river. There was silence and everyone was waiting for what the pilot would say. A few minutes went by and he said prepare for impact. Then we went into the water. You could smell the smoke."
A passenger identified as Alberto and interviewed on CNN said he escaped through one of the forward doors.He said that shortly after take off there was a loud bang and the cabin smelled of smoke.
"We knew we were going down, then we just hit the water. Somehow the plane stayed afloat," he said. "I can't believe he somehow managed to land that plane safely. It's a near death experience that thankfully did not turn out that way."
from Sydney Morning Herald: