THE Cabinet has approved the terms and conditions of a service agreement with United Kingdom-based company Ocean Infinity to resume the search for the missing MH370 aircraft wreckage in the southern Indian Ocean.
Transport Minister Anthony Loke said the ministry will now sign the agreement with the UK-based firm on behalf of the government.
"This paves the way for Ocean Infinity to begin seabed search operations in a new 15,000 sq km area," Loke said in a statement today.
The search will cover a new area estimated at 15,000 square kilometres in the southern Indian Ocean under a “no find, no fee” arrangement.
Under this agreement, the government will only pay Ocean Infinity a fee of US$70 million (RM310 million) if the wreckage of MH370 is found.
"The government is committed to continuing the search and providing closure for the families of MH370 passengers," he added.
Flight MH370 disappeared on March 8, 2014, while en route from Kuala Lumpur to Beijing with 239 people on board.
Several search efforts have been conducted since its disappearance, but the main wreckage has yet to be located. – March 19, 2025
