20220131001339A

2022-01-31 N227BD Cirrus SR22 parachute deployed Hutchinson MN. During first flight of Cirrus embark transition training a practice landing was attempted at khcd Hutchinson municipal airport. The attempted landing was aborted and a go around was performed after a noticeable bounce off the main wheels. The CFI (pilot 2) in the right seat stated it was obvious they were not climbing as quickly as they had during the first takeoff of the day. He did a scan to check pitch attitude and monitor airspeed. When the aircraft reached 80 knots pilot 2 called out ?80 knots flaps up?, pilot 1 retracted the flaps and continued to climb slowly. Pilot 2 stated there was no noticeable acceleration when the flaps reached the fully retracted position. Pilot 2 noted when the indicated altitude was at about 1350 feet MSL their airspeed was still low even though they were climbing at a modest pitch, at this moment he told pilot 1 that if they do not get to pattern altitude soon they many have to consider caps (Cirrus airframe parachute system). When they reached 1500 feet MSL pilot 2 called out caps available, at that point pilot 1 called out ?your controls?. Pilot 2 responded ?my controls? And took over controls of the aircraft. When the aircraft reached 1600 feet MSL airspeed had dropped below 80 knots, pilot 2 stated he knew they were going to hear the stall warning shortly and made the decision to deploy the parachute. Pilot 2 called out ?pull it? Referring to caps. Pilot 1 then pulled the deployment handle. The aircraft impacted the ground 2.1 miles from the end of the runway. Pilot #1 was extracted from the aircraft unconscious and transported to hospital where he passed the following day. Pilot #2 was able to exit the aircraft and was transported to the hospital with non life threatening injuries.