10 January 2018
Malaysia to pay US firm up to $93 million if it finds MH370 in 90 days
MH370: Private company signs deal to resume missing plane search
The search for missing Malaysia Airlines flight 370 will be resumed after the Malaysian government struck a deal with an underwater survey company.
US firm Ocean Infinity will only be paid if it finds the aircraft.
Malaysian Transport Minister Liow Tiong Lai said the country has an “unwavering commitment to solving the mystery of MH370”.
The plane disappeared on 8 March 2014 en route from Kuala Lumpur to Beijing, with 239 people on board.
Its fate remains shrouded in mystery and the search operation was suspended in January last year. This led to protests from the relatives of those who were on board.
$70 Million Reward on Offer In Hunt for Missing MH370 JetBy
Reward ranges $20m-$70m depending on where aircraft is found
Ocean Infinity to search 25,000 sq km area identified in 2016
The hunt for Malaysia Airlines Flight 370 will resume after the government agreed to pay a U.S. exploration company as much as $70 million if it solves modern aviation’s biggest mystery.
The Boeing Co. 777 aircraft disappeared on March 8, 2014, on its way to Beijing from Kuala Lumpur with 239 people on board. The government signed a contract with Ocean Infinity on Wednesday, but said the company would only be paid if it locates the aircraft or flight recorders.
“It is my hope that we will find the answer that we seek for nearly four years and bring some closure to this unfortunate incident,” Malaysian Transport Minister Liow Tiong Lai said at a press conference outside Kuala Lumpur.