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:
- Malaysia has accepted Ocean Infinity's "no cure, no fee" proposal to resume the search for Malaysia Airlines Flight 370.
- The Houston-based company stands to earn between $20 million and $70 million if it successfully locates the wreckage or data recorders.
- The 90-day search, expected to begin imminently, will utilize advanced Autonomous Underwater Vehicles (AUVs) and focus on an area previously identified by the Australian Transport Safety Bureau.
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