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Malaysia prolongs MH370 search by a year
Malaysia has announced the extension of its contract with the British company Ocean Infinity for one additional year to continue underwater searches for the wreckage of Malaysian Airlines Flight MH370 in the southern Indian Ocean region, until June 30, 2027. The extension includes a government commitment to pay only $70 million if the wreckage is located, with the continued application of the "no find, no fee" principle, meaning Malaysia will not pay if the aircraft is not found. The aircraft, which carried 239 people, remains one of the most mysterious aviation incidents since its disappearance in 2014.
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