The Government of Malaysia announced on Wednesday that Ocean Infinity’s proposal to resume the search for Malaysia Airlines Flight 370 has been accepted. Recovery efforts were paused last January after an estimated $200 million had been spent by the governments of Malaysia, Australia and China with few results.
Ocean Infinity Sets Out to Find Malaysia Airlines Flight 370
Key Takeaways:
- The Malaysian government has accepted Ocean Infinity's "No cure, no fee" proposal to resume the search for Malaysia Airlines Flight 370.
- Ocean Infinity will only be paid if successful, with potential earnings ranging from $20 million to $70 million depending on what is found and other factors.
- The search is expected to last 90 days, focusing on a previously identified area, and will utilize advanced autonomous underwater vehicles (AUVs).
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