In a recent ceremony, the Taiwanese ambassador to Paraguay Lien-sheng Huang handed over the keys of a Bell 427 to President Fernando Lugo as a gift from the far eastern country.  The President is seen on the right in the photo.

The particular aircraft, carrying US registration N367ND was the 11th 427 off the line.  On 17th May this year it was cancelled from the FAA register to Argentina, where it has been operated as N367ND for at least two years.  The Taiwanese government purchased it second-hand from Helicentre in Argentian, part of the Modena Group, and then gifted it to the Paraguayan president in a ceremony in May 2011.  It has actually been operating in Paraguay since November 2010.

The Bell 427 will be used solely for the president and operated by the Army Command, based at Campo Grande.  Built in 2000, the 427 was delivered new to Nakanihon Air Service in Japan, where it was operated in a newsgathering role until sold in 2008.  Although taking up a US registration, the helicopter had been sold to Argentina and operated on the N register.  Recent photos have been seen of the aircraft with Paraguayan roundels and the N registration removed, but the new military serial was obscured

Jeremy Parkin – HeliHub.com