dramatic overnight rescue in the waters off honolulu after a cargo jet made a crash landing. guad venegas has details. we ve lost one engine, and we re coming straight to the airport. reporter: but the cargo plane couldn t make it back, crashing into the ocean. the coast guard deployed for a desperate overnight rescue. we re going to lose the other engine too very fast. reporter: transair flight 810 forced to turn around shortly after taking off from honolulu. only two pilots on board the 45-year-old boeing 737, both seriously injured, one hospitalized, one in critical condition. first saw a man waving his hand from the tail of the airplane. next we saw another man floating on a bed of cargo. reporter: the faa and ntsb are investigating why both engines might have failed. experts impress that the pilots could execute an emergency water landing in such an old plane. it certainly says