Fifty-three years after a private plane carrying five men disappeared on a snowy Vermont night, experts believe they have found the wreckage of the long lost jet in Lake Champlain.

The corporate jet disappeared shortly after departing the Burlington airport for Providence, Rhode Island, on Jan. 27, 1971. Those aboard included two crew members and three employees of Georgia development company Cousins Properties, who were working on a development project in Burlington.

Initial searches for the…