Superintendent Paul Rolle says the 10-seat Navajo Chieftain went down after departing the nearby island of Eleuthera this morning. He says the other passengers are hospitalized. Their conditions were not immediately known.
Police have not yet identified the man who died or his hometown.
The plane was operated by Ferguson Air and was serving as a charter for Southern Air.
Police said the pilot apparently alerted officials that he was having problems and tried getting the plane close to shallow water before it lost power some 550 feet (170 meters) from the coast.
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