Malaysia Extends MH370 Wreckage Search Until June 2027

The Malaysian government has extended its agreement with underwater exploration company Ocean Infinity for another 12 months, aiming to finally locate the wreckage of Malaysia Airlines Flight MH370. The search will continue in the southern Indian Ocean until June 30, 2027.

Transport Minister Anthony Loke Siew Fook announced that the Cabinet approved the extension, which maintains the "no find, no fee" principle. This means the government will not pay Ocean Infinity if the aircraft is not found. However, a payment of US$70 million is stipulated if the company successfully locates the wreckage.

“

This extension maintains all the main terms and conditions of the existing agreement, including the implementation of the 'no find, no fee' principle. Under this agreement, the government will not make any payment to Ocean Infinity if the aircraft wreckage is not found.

The renewed agreement allows Ocean Infinity to complete its search in the remaining area of 7,428.54 square kilometers. Flight MH370 vanished on March 8, 2014, en route from Kuala Lumpur to Beijing with 239 passengers and crew. Despite extensive and costly search operations, the plane has never been found, making its disappearance one of history's most enduring aviation mysteries.

“

The Malaysian government will pay Ocean Infinity US$70 million if the company successfully locates the aircraft wreckage. The payment will only be made upon the successful discovery of the missing plane, in accordance with the "no find, no fee" arrangement.