Malaysia's government said Wednesday it will pay USA company Ocean Infinity up to $70 million if it can find the wreckage or black boxes of Malaysia Airlines Flight 370 within three months, in a renewed bid to solve the plane's disappearance almost four years ago.
Malaysia joined forces with Australia and China in a three-year, $160 million search for the jetliner that was called off last January after covering a 12,000 kilometer area.
The company made their way to the search zone ahead of the actual contract being signed, as they wanted to save time as bad weather had been forecast.
He said the search will include 65 crew on board, including two Royal Malaysian Navy personnel as the Malaysian government's representatives. The search will focus initially on the zone identified by the Australian Transport Safety Bureau.
The MH370 debris could furnish clues to events on board before the aircraft crashed.
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Shin Kok Chau, husband of MH370 passenger Tan Ser Kuin, who was present at the signing of the MoU today at the Transport Ministry here, remained "very hopeful" of finding the plane and solving the mystery which still haunted him and his family.
The previous search led by Australia covered over 120,000 sq km in the Indian Ocean.
Several pieces of debris confirmed to have been from the aircraft have been found by members of the public on the African coast and islands in the Indian Ocean. China donated 20 million (£11 million) in funding and equipment. Other methods such as studying satellite imagery also proved futile, but the search team was able to map out an area approximately the size of Vermont where the plane was most likely to be found.
The payment will be borne by the Malaysian government.
"We do not aim for anything but we just want closure and want to know what happened".
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The Malaysian government and US based ocean infinity are working on a contract that is expected to be finalized in the coming days.
The search is expected to be completed within 90 days, he told a news conference.
"This is a major step change and I am amazed at what they can do". The ship is equipped with eight autonomous drones that have sonars and cameras installed.
"This will be a major advance". It's pinpointed the possible location to a 25,000 square-meter section of the Indian Ocean. If it is not found at the ATSB location, the Seabed Constructor will move north and cover all the major locations that various groups say is the final resting place of MH370.
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