(Demerara Waves) The Brazilian company listed as the operator of the illegal aircraft found earlier this week on an illegal airstrip in the North Rupununi on Wednesday said it sold the plane to another company almost four months ago for less than US$1 million.

Speaking through an interpreter, Carlos Eustaquio of Riwa South America said the Beechcraft Kingair, bearing registration markings PR-IMG, is still listed by Brazil’s Civil Aviation Authority as being operated by Riwa because the administrative process has not yet been completed.

Eustaquio said the plane was sold through a broker to Sinalizacao MT Ltda ME for US$850,000 cash on April 28, 2017 through Banco Bradesco. Repeated efforts to contact representatives of Sinalizacao MT Ltda ME on Wednesday proved futile.

A spokeswoman for Banco Bradesco told Demerara Waves Online News that the plane is registered to the bank as the owner which has the right to take control of the aircraft if the debt is not paid.

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