On 27 June 2013, the Deep Sea oceanographic ship confirmed that the missing aircraft had been found in the Caribbean, north of the Los Roques archipelago.^[2]

Among the victims were Italian fashion entrepreneur Vittorio Missoni and his wife, who were on holiday in Los Roques.^[3][4]

During the course of the investigation, it emerged that the pilot had an expired medical certificate and the airline had not yet received the authorization to operate.^[3] In a statement from Asdrubal Bermudez, president and owner of the company Transaereo 5074, even though the airline was unable to fly, the plane involved in the incident had met all safety certifications and was allowed to fly.^{[citation needed]}