PUTRAJAYA, June 29 — The Cabinet has agreed to extend the agreement between the government of Malaysia and Ocean Infinity (United Kingdom) to continue the underwater search efforts for the MH370 aircraft in the southern Indian Ocean, effective for 12 months, from July 1 this year to June 30, 2027.
Transport Minister Anthony Loke said the decision was reached during the Cabinet Meeting on Friday (June 26).
"This decision is a manifestation of the government's unwavering and continuous commitment to providing the long-awaited closure for the families of the passengers of flight MH370," he said in a statement today.
The extension maintains all the main terms and conditions of the existing agreement, including the "no find, no fee" principle, under which the government does not need to pay the involved company if no aircraft wreckage is found.
"However, a payment fee of US$70 million (RM284.5 million) will be paid to Ocean Infinity if the wreckage of flight MH370 is successfully found," Loke said.
The approval of the extension period is intended to allow the company to fully complete the remaining search area of 7,428.54 km².
He said the move also takes into account the new commercial contract commitments received by Ocean Infinity, which require the temporary reassignment of key operational assets to other locations.
The assignment and rescheduling of the asset can only be done starting from this November until April 2027, which is during the season of calm sea conditions to ensure the safety and effectiveness of the search.
On March 8, 2014, Malaysia Airlines flight MH370, carrying 227 passengers and 12 crew members, disappeared while en route from Kuala Lumpur to Beijing, China.
It was scheduled to land at Beijing Capital International Airport at 6.30 am local time, but disappeared from the radar and never reached its destination.
The search for MH370 was one of the most expensive operations in the history of world aviation, involving US$200 million (RM837.47 million at the time) in costs and the participation of 82 aircraft and 84 ships from 26 countries.
