Sure they don't worry about the laws of their home country but many follow the laws of the country they do business in, Maybe these folks were but those in the know seem to keep avoiding answering whether the plane was a legal commercial aircraft in Honduras in which it then would have had to pass more requirements. There is a difference between doing business legal in a foreign country and not being legal just because you might not get caught.
Who the heck is 'in the know' ?
You have a house down there, you're more in know then most here, pick up the phone and call somebody and report back.
Hypersonic kept going on about how the plane doesn't meet
FAA requirements. The plane was flown in Honduras so obviously it isn't required to. He's either very naive or obviously just never realized that the United States government agencies, rules and regulations aren't going to apply to anything outside of the United States.
You also assume they had insurance, again it's in Honduras. Are there requirements to have insurance? Many companies in the US have different insurances because they are required to and if they weren't they wouldn't and don't. In my business I have many requirements and I have many that aren't required. For a truck I will have the basic liability requirements because I'm required to, which will protect somebody we have an accident with, but that doesn't mean I'm going to insure a 10 year old work vehicle with comprehensive insurance to cover replacement, so in an accident the other guy is covered because that's the law, but I'm out of luck. Secondly, how many businesses in Honduras are cash cows just flowing with cash flow? They were operating a niche business in a down market, a market hit hard by the US recession. They probably were just making a living and getting by, like most down there, and if they had insurance to cover the replacement of their airplane I'd be surprised. So many businesses both in Honduras and in the US are operating just one hiccup away from going out of business. All it usually takes is one problem and suddenly a business owner says, why bother, it's just not worth it, I was busing my ass 80 hours a week and not making any money anyways. How many dive shops have come and gone, how many restaurants have come and gone in Roatan, it happens all the time. With the loss of their plane and the state of business they're probably looking at this as time to quit instead of starting over. The owner is not a spring chicken. Not to mention the hurdles they face with bad publicity. How many crashes does it take for an aviation business to be driven out of business? Probably one in this case.