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Private search launched to find missing MH370

By Aaron Hagstrom in New York | China Daily | Updated: 2018-01-13 07:19

A private US company will start a new search for the remains of Malaysia Airlines Flight MH370, whose disappearance in 2014 remains one of aviation's biggest mysteries.

The high-stakes deal, struck on Wednesday between Houston-based survey company Ocean Infinity and the Malaysian government, could yield a finder's fee of up to $70 million, or zero if it comes up empty.

The search, which was expected to last for 90 days, will focus initially on a 25,000-square-kilometer zone in the northern Indian Ocean identified by the Australian Transport Safety Bureau.

Private search launched to find missing MH370

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