Multiple sources have told the Herald that three or four Kiwis were onboard the balloon, which plummeted to the ground near Luxor on Friday, killing a South African tourist.
A fact-finding committee later found that the accident was probably caused by a gas leak near the burner, sparking a blaze that spread throughout the balloon.
Earlier in the day, Egypt's meteorological service had warned of strong winds across the country mainly in the Nile River delta and northern Egypt.
In 2013, 19 foreign tourists were killed when their balloon caught fire.
Over the years, Egypt has tightened safety rules for balloon rides, which are now monitored by cameras and banned from flying above 2,000 metres.
Holidaymakers of different nationalities, as well as Egyptian nationals, were on board the sightseeing balloon when it crash landed in western Luxor, according to state news agency MENA.
Egypt has been battling to revive the badly-affected tourism sector after years of political turmoil, that followed the 25 January uprising.
Those on board the flight included a number of foreign nationals from South Africa, Argentina and Spain, along with Egyptian tourists.