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Where Is Flight MH370? Ocean Infinity Could Get $50M For Finding Plane

Where Is Flight MH370? Ocean Infinity Could Get $50M For Finding Plane

The government signed the deal with Ocean Infinity, a year after the official search by Malaysia, Australia and China in the southern Indian Ocean was called off.

The Malaysian and American governments have not given up on finding Malaysia Airlines flight 370 which vanished back in 2014.

Malaysia's government has offered a USA company $70 million if it can find missing flight MH370 or its black boxes, in a renewed bid to solve the plane's disappearance almost four years ago.

"It is my hope that we will find the answer that we seek for almost four years and bring some closure to this unfortunate incident", Malaysian Transport Minister Liow Tiong Lai said at a press conference outside Kuala Lumpur.

In addition, the Malaysian government agrees to pay 70 million US dollars if the plane was found beyond the 25,000 square km area recommended by investigators from Australia.

"Based on the agreement, Ocean Infinity will undertake the search operation to locate flight MH370 within the priority search area on a "no cure, no fee" basis within 90 days", he told reporters following the signing ceremony at the Transport Ministry, here today. He said his government was committed to continue with the search. They were the largest aviation searches of their kind in history, according to the Australian Transport Safety Bureau (ATSB).

"It is my hope that we will find the answer that we seek for almost four years and bring some closure to this unfortunate incident", he added.

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"We can finish the first 25,000 square kilometres in three to four weeks".

The ship tasked with finding the missing plane is named The Seabed Constructor and departed from South Africa one week ago to properly position itself for the search, TheNYT reports.

Formed in 2015, Plunkett said the company has 25 team members on board, with four experienced in the search of the Air France 447 crash in the Atlantic Ocean in June 2009.

After almost three years of combing 120,000 sq km of ocean floor without success, the Malaysian, Chinese and Australian governments in January last year chose to suspend the search until "credible new information" becomes available.

Ocean Infinity had dispatched a research vessel earlier this month towards the expected search area.

The location of Flight MH370 has become a mystery since the plane carrying 239 people on board disappeared en route to Beijing from Kuala Lumpur on March 8, 2014.