US Company Offers to Take Financial Risk of New MH370 Search - NBC10 Boston
National & International News
The day’s top national and international news

US Company Offers to Take Financial Risk of New MH370 Search

"Why hasn't Malaysia accepted this win-win offer" from Texas-based Ocean Infinity, asked a support group for families

Find NBC Boston in your area

Channel 10 on most providers

Channel 15, 60 and 8 Over the Air

    Winter Olympics PyeongChang 2018 Medal Count
    Country
    Total
    1
    Norway
    119828
    2
    Germany
    106420
    3
    Canada
    65617
    processing...

    NEWSLETTERS

    5 to Watch: Can 'Shib Sibs' Win Gold? Men's Hockey Miracle?
    AP Photo/Daniel Chan, File
    In this March 4, 2017, photo, a man with a painted face attend the Day of Remembrance for MH370 event in Kuala Lumpur, Malaysia. U.S. seabed exploration company Ocean Infinity said on Friday, Aug. 11, 2017, it had offered to take the financial risk of a renewed search for the missing Malaysian airliner, as victims' families urged the Malaysian government to agree to a private-sector hunt for Flight 370's wreckage.

    U.S. seabed exploration company Ocean Infinity said Friday it had offered to take the financial risk of a renewed search for the missing Malaysian airliner, as victims' families urged the Malaysian government to agree to a private sector hunt for Flight 370's wreckage.

    Malaysia, Australia and China suspended a nearly three-year search in the southern Indian Ocean in January after scouring 120,000 square kilometers (46,000 square miles) of remote seabed and failing to find any trace of Malaysia Airlines Flight 370.

    Ocean Infinity, based in Houston, Texas, said it remained hopeful that Malaysia would accept its offer to continue the search using a team of advanced, fast-moving deep-sea drones fitted with sonar equipment.

    "The terms of the offer are confidential, but I can ... confirm that Ocean Infinity have offered to take on the economic risk of a renewed search," company spokesman Mark Antelme said in an email.

    Parkland Shooting Survivor Calls 'BS' on Politicians' Gun Stance

    [NATL] Parkland Shooting Survivor Calls 'BS' on Politicians' Gun Stance

    Marjory Stoneman Douglas High senior Emma Gonzalez had a message for president Donald Trump and for other politicians on their failure to enact sensible gun laws: "BS." Gonzalez was one of several survivors to speak at a rally held outside the Federal Courthouse in Fort Lauderdale, Florida, to speak out against the gun lobby.

    (Published Sunday, Feb. 18, 2018)

    "We're in a constructive dialogue with the relevant authorities and are hopeful that the offer will be accepted," he added.

    Voice370, a support group for families of the 239 people on board, said under the terms of the offer made in April, Ocean Infinity "would like to be paid a reward if and only if it finds the main debris field."

    "Why hasn't Malaysia accepted this win-win offer?" Voice370 asked in a statement.

    Malaysia did not immediately respond to the families' question Friday.

    An international board of experts has concluded, based on analysis of Boeing 777 debris that drifted and washed up on western Indian Ocean beaches, the flight most likely crashed in a 25,000-square-kilometer (9,700-square-mile) area of ocean on the northern boundary of the last search zone, far southwest of Australia.

    But Malaysia, Australia and China agree that the newly identified area is too big to justify resuming the publicly funded search, which has already cost $160 million.

    Russians Indicted for Alleged Election Meddling Conspiracy

    [NATL] Russians Indicted for Alleged Election Meddling Conspiracy

    Deputy Attorney General Rod Rosenstein announces indictments against 13 Russians and three Russian entities accused of meddling in the 2016 U.S. presidential election.

    (Published Friday, Feb. 16, 2018)

    Australia has coordinated the search on Malaysia's behalf because Flight 370 crashed in Australia's zone of search and rescue responsibility on March 8, 2014, after flying far off course on a journey from Kuala Lumpur, Malaysia, to Beijing.

    Transport Minister Darren Chester declined to comment on the possibility of a private search.

    "Malaysia, as the state of registry for the aircraft, retains overall authority for any future search and any questions regarding possible future search efforts should be directed there," his office said in a statement.

    "Australia stands ready to assist the Malaysian government in any way it can," it added.

    Ocean Infinity's website says the company uses the world's most advanced fleet of autonomous vehicles to make high-resolution seabed surveys of unmapped locations.