U.S. explorer strikes deal to continue search for MH370

A U.S. marine exploration company has agreed to start a new search for Malaysian Airlines Flight 370 -- the Boeing 777 jumbo jet that's now been missing for almost four years.


Australian Transport Minister Darren Chester on Friday announced the deal between Ocean Infinity and the Malaysian government. The Texas-based explorer will search various sections of the Indian Ocean for additional wreckage from Flight 370, which disappeared on March 8, 2014.

The Australia Transport Safety Bureau has led the search efforts, since the plane is believed to have crashed in its jurisdiction. Malaysian and U.S. officials have also been involved in the hunt.

Malaysia entered into the deal with Ocean Infinity on a "no find, no fee" basis -- a model typically applied to underwater searches aimed at retrieving sunken cargo.

A salvage company typically takes 80 to 90 percent of a cargo's value, if it's found. In the case of MH370, Ocean Infinity will accept a set fee from the Malaysian government.

Flight 370 disappeared en route from Kuala Lumpur to Beijing with 239 people aboard. All are presumed dead. The cause of the crash has not been determined.
  [upi.com]
 20/10/17
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• MALAYSIA PLANE: Search ends for missing Malaysia Airlines flight MH370
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• MH370 in 'increasing rate of descent' when it disappeared
• Wing part found in May on the Indian Ocean island of Mauritius confirmed to be from flight MH370

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• Malaysia Airlines Flight 370