Two people ejected from a jet that later crashed during the Thunder Over Michigan air show on Sunday afternoon, authorities said.

Neither suffered significant injuries but both were taken to a local hospital as a precaution, the Wayne County Airport Authority said in a statement.

The aircraft then crashed in the parking lot of a nearby apartment complex and struck unoccupied vehicles, the airport authority said. No one in the apartment complex was injured, it added.

The two people, who parachuted from the aircraft, landed in Belleville Lake, the Federal Aviation Administration told CNN.

The agency described the aircraft as an MiG-23 jet and said the two individuals ejected just south of Willow Run Airport, near the city of Ypsilanti.

Both the FAA and the National Transportation Safety Board will investigate the incident.

Leaders of Thunder Over Michigan, a two-day event of airshows, said they would stop the show after a "situation," but did not share further details.

"Please make your way into your vehicles and calmly make your way out of the airfield," the post said. "Please be patient as we control traffic around the area."