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

Malaysia to pay firm up to $70M if it finds missing plane ( dailymail.co.uk )

submitted 2018-02-16T04:58 by heuristic

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derram 2018-02-16T05:19

Malaysia to pay firm up to $70M if it finds missing plane | Daily Mail Online

"Seabed exploration firm Ocean Infinity will be working on a 'no find, no fee' basis as it scours a new 9,653 square miles area identified by experts as the possible site of debris."

'Liow said the government will pay Ocean Infinity $20 million for 1,930 sq. mile of a successful search, $30 million for 5,790 sq. miles, $50 million for 9,653 sq. miles and $70 million if the plane or recorders are found beyond the identified area. '

'Only three fragments of MH370 have been found on western Indian Ocean shores, including a two-metre wing part known as a flaperon. '

'If the mission is successful within three months, payment will be made based on the size of the area searched. ', "Malaysia's government has offered a U.S. company $70 million if it can find missing flight MH370 or its black boxes, in a renewed bid to solve the plane's disappearance nearly four years ago."

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