Malaysia to Pay US Firm if It Finds Missing Plane MH370

Malaysia to Pay US Firm if It Finds Missing Plane MH370

An American search vessel is en route to the Southern Indian Ocean on a new hunt for the missing MH370 airliner under an agreement with the government of Malaysia that will pay up to $70 million if the company can find the wreckage of the plane or its two flight recorders within 3 months.

After combined efforts by the governments of Australia, China and Malaysia failed to locate the vanished aircraft, the new search will be carried out in a remote stretch of the Indian Ocean west of Australia. Beyond that, Ocean Infinity will receive $70 million, Mr Liow said.

A Houston company is finalizing a contract with the Malaysian government to resume the search; Doug McKelway takes a closer look for 'Special Report'.

Ocean Infinity will be paid US$20 million if the plane is found within 5,000 sq km, US$30 million if it is found within 10,000 sq km and US$50 million if it is found within an area of 25,000 sq km.

The vessel will have 65 crew members, including two government representatives from the Malaysian navy.

He said the MH370 response team will be headed by Civil Aviation director-general Datuk Seri Azharuddin Abdul Rahman, along with officials from the ministry, Foreign Affairs Ministry, and Communications and Multimedia Ministry.

Ocean Infinity Chief Executive Oliver Plunkett said the search vessel Seabed Constuctor, which left the South African port of Durban last week, is expected to reach the southern Indian Ocean by January 17 to begin the hunt.

Serena Williams reveals she had blood clots after giving birth
With that being said, and even though I am disappointed about it, I've decided not to compete in the Australian Open this year. At the same time, having a child has helped her feel less stressed about her athletic performance.

"In the past, we only had one underwater search vehicle for the search operations but with the technology we have at hand, we hope we can identify the wreckage as soon as possible", he told the media at the press conference.

Transport Minister Liow Tiong Lai said there was an 85 percent chance of finding the debris in a new 25,000 square kilometer (9,650 square mile) area - roughly the size of Vermont - identified by experts.

"It is my hope that we will find the answer that we seek for almost four years and bring some closure to this unfortunate incident", he added.

"We can finish the first 25,000 square kilometres in three to four weeks". The company's shareholders would bear the upfront costs of the search, Plunkett added.

This undated handout picture released Wednesday by Ocean Infinity shows the Autonomous Underwater Vehicles (AUVs) which will be put in the ocean to search for the wreckage of the missing MH370 plane.

MH370 disappeared on March 8, 2014, while flying from Kuala Lumpur to Beijing with 239 people on board, including six Australians.

No sign of the plane was found in the search zone selected by satellite analysis of the flight's projected trajectory.

Related Articles