A Russian news report on the plane crash in Pakistan shows footage of three mysterious lights moving in formation.
The Bhoja Air crash on Friday was the second in Pakistan in less than two years involving a private Pakistani airline.
Farooq Bhoja was earlier taken into custody by Federal Investigation Agency for questioning.
The Civil Aviation Authority director general ruled out technical fault in the plane.
A report said the plane had been descending at a speed of 500 kilometres per hour before it eventually crashed.
An editorial in the News International criticised the chaos following the Friday crash of the Bhoja Air 737.
Over a day after a plane crashed in Pakistan, the officials are looking for reasons that claimed the lives of all 127 people on board.
The Bhoja Air plane that crashed near the Islamabad went into a sudden dive shortly before it disappeared from the radar screen and slammed into the ground.
A report said Bhoja Air captain had informed the control tower that the plane was getting out of his control 3 minutes before the tragedy.
Pakistani Prime Minister Yousuf Raza Gilani termed the crash "a great tragedy in the history of Pakistan".
The Bhoja Airlines flight with 118 passengers and nine crew members crashed on Friday, minutes before it was to land in Islamabad.
Pakistan Interior Minister confirmed that all 127 people on board the aircraft have died.
Bhoja Air only resumed operations last month after suspending them in 2001 due to financial difficulties.
A Pakistani passenger plane carrying 127 people crashed in stormy weather and burst into flames while approaching Islamabad airport.
Day in Pics: 25th December
Showbiz World - December 25, 2014
Sunny Leone with Mastizaade