KINGSTON - Recovery teams located the body of podiatrist Michael Faraldi, 38, of Germantown, whose training jet lost power and nose-dived into the Hudson River Saturday.

The body was extracted from the cockpit of the crashed BAC Strikemaster 167 at about 2:45 p.m. Sunday, said Holly Baker, a spokeswoman with the Federal Aviation Administration.

Recovery teams found Faraldi sometime around 1 p.m., but it took them a couple hours to remove him from the wreckage due to the icy conditions. They had to cut through thick ice that formed around the jet, and navigate the jet's mangled structure. In addition, a couple hundred gallons of leaking jet fuel ate away at the rubber of some of the divers' suits.

An operation to lift the wreckage out of the icy river and onto a barge is now underway. The barge will then transport the jet to an unknown location for an analysis by National Transportation Safety Board inspectors, who are now en route, Baker said.

Earlier today, an FAA official at the scene said Faraldi was a certified pilot with a multi-engine rating as well as a type rating to fly the Strikemaster. He was current on all of his licensing requirements.

On Saturday, Faraldi made a low pass over Kingston Airport around 1:32 p.m. and then made a 90 degree vertical climb. The jet lost thrust during the ascent, and then nose-dived into the middle of the river, just north of the Kingston-Rhinecliff bridge, to the horror of friends watching below. The cause of the crash is still under investigation.

Check back to for more information as it becomes available.