Malaysia to pay firm up to $70 million if it finds missing plane

News
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

PUTRAJAYA, Malaysia – Malaysia says it will pay U.S. company Ocean Infinity up to $70 million if it can find the wreckage or black boxes of Malaysia Airlines Flight 370 within three months.

Transport Minister Liow Tiong Lai says there’s an 85 percent chance of finding the debris in a new 25,000 square kilometers (9,653 square miles) area identified by experts.

The government on Thursday signed a “no cure, no fee” deal with the Houston, Texas-based company to resume the hunt for the plane that disappeared nearly four years ago. The official search in the southern Indian Ocean was called off last year.

The plane disappeared on March 8, 2014, while flying from Kuala Lumpur to Beijing with 239 people on board.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trademark and Copyright 2021 The Associated Press. All rights reserved.

Latest News

More News

National News

More National

Washington D.C.

More Washington

Your Local Election HQ

More Your Local Election HQ

Download the NEW KFOR App!

Daily Oklahoma Coronavirus Data

Contact In Your Corner Team

Latest News

More News

KFOR Digital Originals

More Digital Original

Popular

Follow @KFOR on Twitter

Border Report

More Border Report