Schrenker took off Sunday night in the plane flying from Anderson, Indiana to Destin, Florida. He never made it to Destin. Instead he frantically called air traffic controllers saying that the windshield had shattered that he was bleeding and in trouble. Radio contact was then lost. The plane was later found near the Blackwater River in the Florida panhandle very close a neighborhood. No blood was found on the plane. It's believed now that Schrenker parachuted out of the plane near Birmingham, Alabama. In Childersburg, Alabama which is around 35 miles away, Schrenker approached a police officer and said he'd been in a canoe accident. They took him to a hotel where he checked in under a fake name. He later fled into the woods and is being pursued by Alabama police. They now think he took off on a motorcycle which he kept in storage under a different name.
Schrenker is a trained acrobatic pilot. True Crime Report has his YouTube stunt flying video. Schrenker also tried to offer money management services to pilots at one point.
UPDATE: Schrenker may be in custody in Florida.