Malaysia finalizes new search agreement for missing MH370 wreckage
The Cabinet of Malaysia has approved the terms and conditions of a new agreement to resume the search for the wreckage of Malaysia Airlines flight MH370, which disappeared more than 10 years ago.
During a local press briefing on March 19, 2025, Malaysia’s Transport Minister Anthony Loke announced that Malaysia has finalized an agreement with Ocean Infinity, a private marine robotics company, to continue the search efforts.
Following the Cabinet’s approval, Malaysia’s Ministry of Transport will sign the agreement with Ocean Infinity, the country’s national broadcaster Jabatan Penyiaran Malaysia (RTM) reported.
The minister said that the search will take place in a previously unchecked area of about 15,000 square kilometers in the southern Indian Ocean under a “no find, no fee” arrangement.
“According to this principle, the government does not need to issue any payment to this company if no wreckage is found. A fee of $70 million will be paid to Ocean Infinity if the wreckage of MH370 is found,” Loke said.
Malaysia Airlines Flight 370 vanished on March 8, 2014. The aircraft, a Boeing 777, was traveling from Kuala Lumpur International Airport (KUL) to Beijing Capital International Airport (PEK) with 227 passengers and 12 crew members onboard.
Less than an hour after takeoff, the aircraft lost contact with air traffic control while flying over the South China Sea and has not been located since. It is presumed that all 227 passengers and 12 crew members have died.
The exact cause of the disappearance has never been established, with theories ranging from mechanical failure to a hijacking attempt, or a deliberate intervention by those in the cockpit.
Over a decade later, questions regarding why the aircraft steered off course and crossed the Indian Ocean remain unanswered.
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The Cabinet of Malaysia has approved the terms and conditions of a new agreement to resume the search…
The post Malaysia finalizes new search agreement for missing MH370 wreckage appeared first on AeroTime.
