At approximately 12:15 mountain time, a Mitsubishi MU-2B-20 crashed and burned near Cerrillos while on landing approach to Santa Fe. The pilot and passenger were killed. The pilot was instructed to enter a holding pattern, at which time he canceled his IFR flight plan. He was then told he would be following two other airplanes for landing. Witnesses reported seeing the airplane in a spin and ground scars were consistent with a 45-degree nose down right spin.