US company to resume MH370 search, promises “no find, no fee”

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The Malaysian government has chosen US-based maritime company Ocean Infinity to begin a new search for the missing plane of Malaysia Airlines flight MH370 and is now negotiating the terms of the deal. The specialist seabed exploration company had offered to look for the Boeing 777 aircraft on a “no-find, no-fee” basis.

Advice sent on October 19 to MH370 families states that the MH370 team “received several proposals from interested parties to search for MH370. This includes an offer by a company known as Ocean Infinity on a No Cure No Pay basis.”

It added that “the offer has been thoroughly assessed by the team and the governments of Australia and China have been informed of this in line with the spirit of tripartite cooperation. In this regard, the government of Malaysia has given the permission for the response team to proceed negotiating the terms and conditions with Ocean Infinity.”

The US company, as well as Dutch firm Fugro, which both had been involved in the original search, and an unidentified Malaysian company had put forward proposals to relaunch the hunt.

Ocean Infinity said in a statement that “good progress has been made” in negotiating the final contract and claimed it had the world’s largest and most advanced commercial fleet of underwater vehicles for conducting searches.

“We remain optimistic that we will be able to try and help provide some answers to those who have been affected by this tragedy,” a spokesman said.

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Reading Time: 1 minute

The Malaysian government has chosen US-based maritime company Ocean Infinity to begin a new search for the missing plane of Malaysia Airlines flight MH370 and is now negotiating the terms of the deal. The specialist seabed exploration company had offered to look for the Boeing 777 aircraft on a “no-find, no-fee” basis.

Reading Time: 1 minute

The Malaysian government has chosen US-based maritime company Ocean Infinity to begin a new search for the missing plane of Malaysia Airlines flight MH370 and is now negotiating the terms of the deal. The specialist seabed exploration company had offered to look for the Boeing 777 aircraft on a “no-find, no-fee” basis.

Advice sent on October 19 to MH370 families states that the MH370 team “received several proposals from interested parties to search for MH370. This includes an offer by a company known as Ocean Infinity on a No Cure No Pay basis.”

It added that “the offer has been thoroughly assessed by the team and the governments of Australia and China have been informed of this in line with the spirit of tripartite cooperation. In this regard, the government of Malaysia has given the permission for the response team to proceed negotiating the terms and conditions with Ocean Infinity.”

The US company, as well as Dutch firm Fugro, which both had been involved in the original search, and an unidentified Malaysian company had put forward proposals to relaunch the hunt.

Ocean Infinity said in a statement that “good progress has been made” in negotiating the final contract and claimed it had the world’s largest and most advanced commercial fleet of underwater vehicles for conducting searches.

“We remain optimistic that we will be able to try and help provide some answers to those who have been affected by this tragedy,” a spokesman said.

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