PHOTO GALLERY: Argentine Fairchild Metros - #9 of 20+ - LV-WAG (c/n AC-543B)

Alas Rionegrinas Fairchild Swearingen SA227-AC Metro III, LV-WAG (c/n AC-543B) at Buenos Aires Aeroparque (AEP) in May 1996. (Phil Perry Collection)  

LV-WAG was originally built as a Merlin in 1982 and converted to Metro standard in 1987.  

Originally delivered to Volkswagen in 1983 as a corporate aircraft registered as D-CKVW, the aircraft went on to fly for German regional airlines Bat-Air Flugdienst, Nurnberger Flugdienst and Eurowings before finding its way to Argentina in 1993 where it was registered as LV-WAG flying for SAPSE (Servicios Aereos Patagonicos) dba Alas Rionegrinas until the airline's demise in 1997.    
The aircraft was stored along with the rest of the Alas Rionegrinas fleet in a hangar at Viedma (VDM), Rio Negro in Patagonia along the Atlantic coast where it still stands today in a state of disrepair as seen in this photo from Linea ALA & Rollout:

http://linea-ala.blogspot.com.ar/2014/12/abandonadas-alas-rionegrinas.html       

Sources:

http://loudandclearisnotenought.blogspot.com.ar/2010/11/lv-wag-fairchildswearingen-sa-226-metro.html
http://linea-ala.blogspot.com.ar/2014/12/abandonadas-alas-rionegrinas.html
http://aerospotter.blogspot.com.ar/2012/12/pretenden-recuperar-la-flota-de-sapse.html