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Liow: MH370 search resumes, expected to cost RM285m if plane found

January 10, 2018 7:32 AM
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PUTRAJAYA, Jan 10 — Malaysia and US firm Ocean Infinity have struck a deal to resume an underwater search for the Malaysia Airlines flight MH370 that went missing nearly four years ago, Transport Minister Datuk Seri Liow Tiong Lai said today.

He said that while the deal is based on a “no cure, no fee” basis, a payment of US$70million (RM285 million) will be made if the US firm is able to locate the debris field of the missing jumbo jet or the aircraft’s black box within 90 days from the launch of the search starting mid-January.

“The company should also be able to present a considerable and credible evidence to confirm the exact location of the two main items,” he said at the MH370 search operations signing ceremony between Malaysian government and US firm Ocean Infinity Limited here,.

He said the primary mission by the US exploration firm is to identify the location of the wreckage and or both of the flight recorders, namely the Cockpit Voice Recorder (CVR) and Flight Data Recorder (FDR).


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