Malaysia resumes search for MH370 under a “no find, no fee” agreement


The disappearance of flight MH370 is one of the world’s greatest aviation mysteries, which continues to haunt the families of the passengers.

For illustrative purposes only | Image: Mentour Pilot/Youtube

The Malaysian government has agreed to terms and conditions of an agreement with exploration firm Ocean Infinity to resume the search for the wreckage of the missing Malaysia Airlines flight MH370, Malaysian Minister of Transport Anthony Loke stated on March 19.

In a statement, Loke said the decision will allow Ocean Infinity to begin underwater search operations in a new area of 15,000 sq.km in the southern Indian Ocean, under a “no find, no fee” agreement. The company will receive 70 million USD if the wreckage is found.

For illustrative purposes only | Image: AFP

It is unclear how long the contract will last. Previously, Loke stated that the agreement would be valid for 18 months.

Flight MH370 disappeared on March 8, 2014 with 239 people on board while travelling from Kuala Lumpur to Beijing, China. Its disappearance is one of the world’s greatest aviation mysteries, which continues to haunt the families of the passengers.

People commemorate the victims of Malaysia Airlines Flight MH370 in Subang Jaya, Malaysia, on March 3, 2024. (Image: AFP)

Ocean Infinity, headquartered in the UK and the US, launched its initial efforts after a three-year extensive search led by Australia was halted in January 2017. Despite being the largest search operation in aviation history, no wreckage has been found.