A Victorian water bombing helicopter has crashed into a dam while working to battle fires in a remote area of Victoria’s east.

The aircraft plunged into the dam in Jericho about three hours east of Melbourne about 7.15pm yesterday.

The three crew members – two pilots and an engineer – all safely escaped the aircraft and swam to the edge of the Thomson Dam, which is located next to Mount Gregory.

The wheel of the aircraft emerging from the dam it crashed into. (9News)

(9NEWS)

The was assisting a firefight, water-bombing the Thompson Complex Catchment fires which are burning across more than 1300 hectares of land in Gippsland.

The exact reason behind the crash landing of the $30 million aircraft is still unknown, but there are unconfirmed reports the aircraft may have flipped while attempting to scoop up a load of water.

The HELItack 341 known as Christine is one of 10 aircrafts fighting the Thompson fires and one of only two aircranes in Victoria.

Ambulance Victoria authorities were dispatched to the area to assess the crew members but no one was injured.

The three people on board escaped without injury. (9News)

New pictures show the water bombing helicopter half submerged in the dam. (9News)

The Australian Transport Safety Bureau and Worksafe have been notified and an investigation is under way.

“Over the past several days, the aircraft had been involved in fire suppression activities at the Thomson Catchment Complex fires,” The State Control Centre said in a statement.

“The Aircrane was one of ten aircraft working on the fire.

A Victorian water bombing aircraft, similar to this, has crashed into the Thomson Dam on Mount Gregory while battling bushfires. (AAP)

“Emergency Management Commissioner Andrew Crisp said that he was grateful that the crew are safe.”

There are currently 49 water fighting helicopters operating in Victoria.