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Cabinet approves terms and conditions, USD70 million if MH370 wreckage found | Scoop
he Malaysian government will pay Ocean Infinity (United Kingdom) USD70 million if the company successfully locates the wreckage of Malaysia Airlines Flight MH370. The banner in the photo shows the 10th anniversary memorial of the aviation tragedy at Nu Empire Subang. - Scoop file pic, March 19, 2025
News

Cabinet approves terms and conditions, USD70 million if MH370 wreckage found

Transport Minister says Malaysia to pay Ocean Infinity only upon discovery

Scoop Reporters
Updated
8:58 PM MYT

 

PUTRAJAYA — The Malaysian government will pay Ocean Infinity (United Kingdom) USD70 million if the company successfully locates the wreckage of Malaysia Airlines Flight MH370, Transport Minister Anthony Loke announced today.

The Cabinet has officially approved the terms and conditions of the service agreement with the marine robotics company, allowing the Transport Ministry to proceed with signing the deal on behalf of the government, Bernama reported.

“This paves the way for Ocean Infinity to proceed with seabed search operations to locate the wreckage of flight MH370 in a new area estimated at 15,000 square kilometres in the southern Indian Ocean,” Loke said in a statement.

The search will be conducted on a ‘no find, no fee’ basis, meaning payment will only be made if the wreckage is found.

“The government is committed to continuing the search operation and providing closure for the families of MH370 passengers,” he added.

Ocean Infinity previously conducted a search for the missing aircraft from January to May 2018, covering more than 112,000 square kilometres of the southern Indian Ocean seabed before ending the mission.

Flight MH370 disappeared on 8 March 2014 while en route from Kuala Lumpur to Beijing with 227 passengers and 12 crew members on board. The aircraft remains missing to this day. – March 19, 2025

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