10 Jan '18, 9am

Malaysia inks deal to pay up to US$70m if firm finds MH370 in 90 days

KUALA LUMPUR: Malaysia signed a deal on Wednesday (Jan 10) to pay Ocean Infinity up to US$70 million if it finds missing flight MH370 or its black boxes within 90 days, confirming an earlier report by Channel NewsAsia. "The primary mission by Ocean Infinity is to identify the location of the wreckage and/or both of the flight recorders - cockpit voice recorder and flight data recorder (FDR) - and present considerable and credible evidence to confirm the exact location of the two main items," Malaysian Transport Minister Liow Tiong Lai said at a press conference. The deal stipulates that Malaysia will pay Ocean Infinity up to US$50 million if the wreckage or flight recorders are found within 90 days in a 25,000 sq km zone on the South Indian Ocean identified as a priority area by Australian researchers, and US$70 million if it is found in a search area beyond that. NO CURE,...

Full article: https://www.channelnewsasia.com/news/asiapacific/malaysia...

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The new #MH370 search area.

channelnewsasia.com 10 Jan '18, 10am

KUALA LUMPUR: Malaysia signed a deal on Wednesday (Jan 10) to pay Ocean Infinity up to US$70 million if it finds missing f...

Malaysia will pay at least US$20m if #MH370 is ...

channelnewsasia.com 10 Jan '18, 8am

KUALA LUMPUR: The Malaysian government will ink a deal on Wednesday (Jan 10) to pay up to US$50 million to Ocean Infinity ...

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straitstimes.com 11 Jan '18, 12am

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channelnewsasia.com 23 Jan '18, 8am

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straitstimes.com 23 Jan '18, 8am

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channelnewsasia.com 05 Jan '18, 8am

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straitstimes.com 05 Jan '18, 12pm

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