UPDATE: Pilot of Stolen Plane Lands in Mississippi Field

UPDATE: The pilot landed the plane in a Mississippi field. He’s been take into custody. The suspect is identified as a 29-year-old man who worked at a nearby airport.

UPDATE: There are fears the pilot may be headed to Memphis.

DEVELOPING STORY: The pilot of a large plane is threatening to divebomb the aircraft into a Tupelo, Mississippi Walmart.

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“At this time the situation is ongoing with TPD and all Emergency Services in our area on alert,” Tupelo Police said in a news release Saturday morning. “With the mobility of an airplane of that type the danger zone is much larger than even Tupelo.”The Tupelo Walmart store is “currently closed and evacuated,” Charles Crowson, director of the Walmart Press Office, tells CNN.

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Police say the plane may have been stolen and it’s been circling Tupelo for more than two hours.

The Daily Journal has confirmed the pilot of the plane is an employee of Tupelo Regional Airport.

The Federal Aviation Administration confirmed to ABC News that they are aware of the situation and are coordinating with local law enforcement.

Evacuations across the city are under way.