Malaysia to Pay US Firm if It Finds Missing Plane MH370

13 January, 2018, 01:04 | Author: Roderick Gutierrez
  • US company begins second search for lost Malaysian Airlines flight MH-370 Video

Malaysia signed a deal on Wednesday to pay a U.S. seabed exploration firm up to $50 million if it finds the missing Malaysia Airlines aircraft MH370 in a new search area in the Southern Indian ocean.

The plane vanished on March 8, 2014, while flying from Kuala Lumpur to Beijing with 239 people on board.

Under the deal, Ocean Infinity will deploy a vessel carrying eight autonomous search vehicles, which will try to locate the aircraft in an area of 25,000 sq.km in the southern Indian Ocean, Liow Tiong Lai, Malaysia's transport minister, told a media conference.

The majority of the plane's passengers were Chinese citizens, though 50 - including the flight's 12 crew members - were Malaysian. "They should either locate the debris field, or flight recorder, or both. but it must be within a time frame", Datuk Seri Liow said at the signing ceremony.

It is being reported that Ocean Infinity has already chartered a Norwegian vessel. Media reports indicate that it will receive up to $70 million in the event the search finds the aircraft.

A team of ocean explorers is fast making their way towards the search zone in the Indian Ocean for the missing Malaysian Airlines flight MH370, having left Durban port last week. The amount rises gradually to a maximum of $70 million if the jet is found outside the 25,000 square kilometre search zone.

Investigators have so far confirmed that three pieces of debris washed up and recovered on western Indian Ocean shorelines came from MH370.


Authorities from Malaysia, China and Australia searched an area of 120,000 square kilometres but were not able to find the wreckage.

The search for the missing plane was officially abandoned on January 17, 2017-1,046 days after it began-with no information having been gained about what happened to the missing jet.

If the wreckage is found, it will be up to the Malaysian Government to decide what should be retrieved from the ocean floor, how it should be retrieved and who should do the work.

The AUVs will be equipped with side scan sonar, multi-beam echo sounder, sub-bottom profiler, HD camera, conductivity/temperature/depth sensor, self-compensating magnetometer, synthetic aperture sonar and a turbidity sensor.

Their daughter had planned to celebrate her fifth birthday on March 14, 2014 with her father, but he never returned.

Based on radar and satellite communications, the plane was calculated to have plunged into the southern Indian Ocean, sparking a massive hunt led by Australia.

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