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Selects: Iran-Contra Affair: Shady in the 80s, Part 2

Explore episode Aug 8, 2026
History
The Plane That Blew It All Open

Selects: Iran-Contra Affair: Shady in the 80s, Part 2 · Aug 8, 2026 History

On October 5, 1986, a CIA Contra supply plane flew a weapons drop at 2,500 feet in broad daylight. A Sandinista soldier shot it down. The only survivor, Eugene Hasenfuss, had borrowed a parachute from his skydiving brother. He was captured, paraded in front of cameras, and told the Sandinistas everything he knew.

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The Operation Unravels: The Shot-Down Plane

At 23:57 · chapter starts 20:00

By 1986, Congress had been worn down by Reagan's drumbeat and restored $100 million in Contra aid — but the covert operation kept running alongside the official funding. The operation had become routine to the point of sloppiness. On October 5, 1986, a C-123 cargo plane called the Provider made a supply drop at just 2,500 feet in broad daylight over Nicaragua, carrying 70 Soviet Kalashnikovs, 100,000 rounds of ammunition, and rocket grenades. A young Sandinista soldier named José Fernando Canales Alemán shot it down. Three of the four crew members died; the fourth, Eugene Hasenfuss, survived because he had borrowed a parachute from his skydiving brother before the mission — a decision that became one of history's more consequential acts of preparedness. Hasenfuss was captured, paraded before cameras with a rope around his neck, and told the Sandinistas everything he knew: his 10th supply mission, his presumption that the CIA was running things, his previous Air America work during Vietnam. His wallet contained employee IDs from Southern Air Transport — a CIA front company so widely known as such that Josh likened carrying those IDs to wearing 'CIA junior badges' — and a business card directly linking him to Oliver North's office in Washington.

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History
The Missile Markup: How Iran Money Funded the Contras

Selects: Iran-Contra Affair: Shady in the 80s, Part 2 · Aug 8, 2026 History

The Pentagon sold missiles to the CIA for $3,700 each. The CIA sold them to Richard Secord at cost. Secord sold them to Iranian middleman Ghorbanifar for $10,000 each. Ghorbanifar charged Iran even more. The profit — including $3 million in interest in one Swiss account — was diverted directly to fund the Nicaraguan Contras.