Malaysia to pay firm up to $70M if it finds missing plane
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January 11, 2018
PUTRAJAYA, Malaysia (AP) — Malaysia's government said Wednesday it will pay U.S. 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 nearly four years ago.
Transport Minister Liow Tiong Lai said there was an 85 percent chance of finding the debris in a new 25,000 square kilometer (9,650 square mile) area — roughly the size of Vermont — identified by experts.
The government signed a "no cure, no fee" deal with the Houston, Texas-based company to resume the hun...
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