What happened
During a scheduled transatlantic crossing from Lajes toward Hamilton, Bermuda, the flight crew encountered a critical shortage of fuel. The captain notified ground controllers that the remaining fuel levels were insufficient to complete the journey to the destination in Bermuda.
In an effort to manage the situation, the pilot lowered the aircraft's altitude. The crew subsequently performed a ditching maneuver in the vicinity of the Echo weather station. Following the impact with the water, a United States Coast Guard (USCG) team arrived at the scene and successfully rescued all eight crew members. Despite the successful evacuation, the aircraft sank into the ocean and was subsequently lost.
Findings
Investigations into the incident concluded that the primary reason for the emergency was fuel exhaustion during the flight.