What happened
During the flight, the aircraft experienced a mechanical failure involving one of its engines. Following the loss of power, the pilot initiated a descent to a lower altitude. The flight ended when the aircraft was ditched in the water at a location roughly 22 km away from Taboga Island.
All four people on board were successfully recovered during the rescue operation. However, the aircraft subsequently sank into the sea and remains lost.
Findings
Investigations into the incident identified that the primary factor was an engine failure occurring while the aircraft was in flight. The specific underlying reason for this mechanical malfunction has not been determined.