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“We have found the plane and some dead bodies this morning about 8.25 AM (0725 IST),” a spokesman for the military’s information team said.
The discovery of the wreckage comes after Myanmar’s military scoured the waves for more than 120 people missing after their plane vanished flying over the Andaman Sea.
Nine navy ships and three air force planes were dispatched to search for the aircraft, which disappeared as it flew from the southern city of Myeik to Yangon.
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More than half of the passengers were from military families, including 15 children, along with 35 soldiers and 14 crew members, the army chief’s office said in a statement.
“Some were on their way for medical checkups and to attend school,” said a spokesman from the military’s information team.
The commander-in-chief’s office said the plane lost contact with air traffic control at 1:35 PM yesterday, about half an hour after takeoff.
The military named the captain of the Chinese-made Y-8F- 200 four-engine turboprop as Lieutenant Colonel Nyein Chan, who it said had more than 3,000 hours of flying experience.
The plane was bought in March 2016 and had a total of 809 flying hours.
Myanmar’s military fleet has a chequered recent history of plane crashes.
A five-strong crew died when an air force plane burst into flames soon after taking off from the capital Naypyidaw in February last year.
Three army officers were also killed in June when their Mi-2 helicopter crashed into a hillside and burst into flames in south-central Bago.