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Malaysia Approves New Search for Missing MH370 Using Advanced Underwater Drones

  • The Malaysian government has authorized $70 million for a new search for Malaysia Airlines Flight 370, which disappeared on March 8, 2014.
  • Malaysian Minister of Transport Anthony Loke announced a deal with Ocean Infinity for the search operation.
  • The initial search is set to last for 18 months under a no-find-no-fee principle, meaning Malaysia pays Ocean Infinity only if wreckage is found.
  • Loke expressed hope that they would find wreckage to provide answers for the families of the missing.
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Ocean Infinity will continue the search operation on the seabed at a new 5,800-square-mile site in the Indian Ocean next year

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Portfolio broke the news in Budapest, Hungary on Friday, December 20, 2024.
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