Background
The aircraft had been leased to Air Malta for a few months before being repatriated to Peru. The repatriation flight route included stops in London, Reykjavik, Gander, and Miami.
Accident Sequence
During the leg from Reykjavik to Gander, while cruising at altitude, the crew declared an emergency and elected to ditch the aircraft when contact was lost. The aircraft subsequently crashed in the Atlantic Ocean, approximately 290 kilometers southeast of the Newfoundland coast.
Search and Rescue
Search and rescue operations were initiated but eventually abandoned a few days later, as no trace of the aircraft was found.
Probable Cause
Due to a lack of evidence, the exact cause of the accident could not be determined. However, it is believed that the crew reported a low fuel warning.