Malaysia Resumes Search for MH370 Wreckage with Ocean Infinity Agreement
Ocean Infinity will receive $70 million if wreckage is successfully located.
KUALA LUMPUR: Malaysia has officially agreed to terms with exploration firm Ocean Infinity to resume the search for the wreckage of the missing Malaysia Airlines flight MH370, announced Transport Minister Loke Siew Fook on Wednesday.
Flight MH370, a Boeing 777, disappeared en route from Kuala Lumpur to Beijing in 2014, carrying 227 passengers and 12 crew members, and remains one of the greatest aviation mysteries.
The renewed search will focus on a new area covering 15,000 square kilometers (5,790 square miles) in the southern Indian Ocean. The operation will be based on a “no find, no fee” principle, with Ocean Infinity set to receive $70 million if the wreckage is located.
“The government is committed to continuing the search operation and providing closure for the families of the MH370 passengers,” Loke said in a statement.
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In December, the Malaysian government agreed in principle with Ocean Infinity’s proposal to resume the search after the company previously led the final search efforts that ended in 2018 without success. The earlier attempts followed a joint underwater search by Malaysia, Australia, and China, covering a vast area based on satellite data.
The search mission, which started with a ship deployed last month, is expected to last for 18 months.
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