Malaysia has agreed in principle to resume the search for Malaysia Arilines' MH370, Reuters reported on December 20.
Malaysian Transport Minister Anthony Loke informed that the Malaysian cabinet has agreed to continue the search for the missing MH370 of Malaysia Airlines. The search was conducted by Ocean Infinity.
The Malaysian Transport Ministry is discussing the final terms for the search for MH370 with Ocean Infinity. It is expected that negotiations on resuming the search for MH370 will be completed in early 2025.
Mr. Loke also said that the new search is conducted on a no find, no fee basis.
According to Bloomberg, Secretary Loke said the search would be conducted in a new area estimated at 15,000 square kilometres in the southern Indian Ocean.
The contract to search for MH370 implemented by Ocean Infinity will last 18 months and the Malaysian Justice Department is considering a search deal with Ocean infinity.
The fee is $70 million if the plane is found, Loke said at a press conference on December 20.
Ocean Infinity searched for MH370 in the Indian Ocean from 2017 to late 2018.
In March this year, the Texas-based company announced that it had found new scientific evidence on the final location of MH370.
Earlier in November, Ocean Infinity said in a separate statement to GB News that the company had strengthened its understanding "of the location of MH370".
Oliver Plunkett, CEO of Ocean Infinity, told People's Channel: Since we left the southern Indian Ocean in 2018, our unchanged commitment to searching for the missing plane and providing answers to those involved has been maintained. In recent years, we have focused on enhancing ocean search capabilities through advanced technology and robots, allowing us to conduct some of the most complex and demanding underwater searches.
In addition to our continued efforts, we have submitted a proposal to the Malaysian government and are actively discussing the possibility of resuming the search. By working with many experts, some outside Ocean Infinity and conducting continuous analysis, we have strengthened our understanding of the location of MH370," he stressed.
"We are optimistic that with this new focus, with increased resources and active participation with the Malaysian government, a successful outcome could be within reach. We look forward to resuming the search and continuing to work hard to find the answer," Ocean Infinity's leader emphasized.
Flight MH370 - a Boeing 777-200ER carrying 227 passengers and 12 crew members - went missing 10 years ago while flying from Kuala Lumpur to Beijing on March 8, 2014.
Over the past 10 years, the disappearance of MH370 has remained one of the biggest mysteries in modern aviation history.
