A Mirage 2000 fighter jet on a flight training mission crashed into waters off northwest county Hsinchu in Taiwan Monday morning, Xinhua news agency reported citing local media reports.

Two pilots have been rescued following an ejection from the craft before the crash, reports said.

The cause of the crash is still being investigated.

The latest accident came five days after an F-16 fighter jet crashed during a routine training in waters near southwest Taiwan's Chiayi County.

The pilot was rescued during the May 15 crash.