As reported to the FAA. Reports are unverified, and codes are left as the FAA publishes them.
What was found
(CAN) THE AIRCRAFT EXPERIENCED AN IN FLIGHT LOSS OF IT'S SLING LOAD. INVESTIGATION REVEALED THAT THE SWAGED END OF THE EMERGENCY RELEASE CABLE HAD COMPLETELY SEPARATED FROM THE CABLE CONDUIT. THIS PLACED THE CABLE CONSTANTLY UNDER PRELOAD .THE RESULT BEING THAT AS THE CARGO LOAD SWUNG IN FLIGHT, IT INADVERTENTLY OPENED THE EMERGENCY RELEASE MECHANISM.