The US Navy has indicated that the instructor pilot from the crashed T-34C training aircraft, Lt. Clinton Wermers, is now presumed dead.  The student was rescued the night of the crash and has not yet been identified.  Initial reports had indicated that both pilots were holding on to the wreckage before it sank.

A comment left on the CNN article on this story indicated that Wermers was a married father of two, and was expecting a third child.

The T-34C is a Navy primary training aircraft used to teach new student pilots.  The two-seat, single engine aircraft does not have ejection seats, but requires aircrew to manually bail out in emergencies.  The T-34C is slated to be replaced by the T-6A Texan II.