The crash prompted Republican presidential candidate Mitt Romney to cancel his scheduled rally at the airport later in the day.
It would have been Romney's first visit to Colorado since he accepted the Republican party's nomination.
"It's an unfortunate situation that we had to cancel today, but it was the right thing to do out of respect for those impacted," said Ellie Wallace with the Republican National Committee.
According to FAA spokesperson Allen Kenitzer, the pilot, 68-year-old George McHenry, was the only person on board the plane.
At around 8:30 Sunday morning, the custom built, experimental plane crashed after making a 180 degree turn from one of the airport's runways.
An airport official says McHenry had been flying his plane for years.
The FAA and NTSB are investigating the accident.
Wallace, who spoke to the media Sunday on behalf of the Romney campaign, said the presidential candidate will be back in Colorado soon.
(KUSA-TV © 2012 Multimedia Holdings Corporation with The Associated Press)