‘No find, no fee’ deal from firm which bids to resume MH370 search mission

Published on : Wednesday, October 18, 2017

MH370Malaysia’s transport minister said that the three firms are still bidding to continue the search for the ill fated MH370 with one company offering a “no find, no fee” deal.



The Boeing 777 with 239 people aboard went missing in March 2014 on a flight to Beijing from Kuala Lumpur and till date remains the one of the most tragic incidents in the aviation history.



Australian Transport Safety Bureau called off the search in January after a prolong two-year search mission across the southern Indian Ocean. But in August, another Australian organisation claimed to have pinpointed the crash site “with unprecedented precision and certainty”.



Speaking to journalists in Kuala Lumpur, the Malaysian Transport Minister, Liow Tiong Lai, said a proposal had been received from the US seabed exploration company Ocean Infinity. It specified payment only if the aircraft was found.



Dutch firm Fugro which was there in the initial search mission along an unidentified Malaysian company has also bid for resuming the MH370 search.



The Malaysian government will discuss the options with Australia and China, many of whose citizens were aboard the lost aircraft.



As the Malaysia Airlines’ new chief executive officer, Peter Bellew, will rejoin Ryanair, it might be a tough time for the airline again.

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