The search for the Malaysian Airlines flight 370 is one of the greatest aviation mysteries that have been witnessed in the modern tern times. The Malaysian government is apparently not sparing any of its efforts in line with the search. It was for that particular reason that it has finally decided to award a “no-find, no-fee” contract to one of the biggest private US-based tech companies and it exudes confidence that this time around it won’t miss.
The terms of the deal are clear to Ocean Infinity. It has to live up to the realty that it won’t be receiving anything in form of a payment unless it finds the remains of the missing plane. It was back in March 2014 when the plane went missing and reports indicate that it had about 239 people on board.
The news of the crash caught many by surprise, especially those that lost their loved ones in the unfortunate incidence. In a series of interviews, most of them have attested to the fact that they have been finding it that difficult to leave the matter behind. The government has in numerous instances reached out to them giving them some funds as some sort of compensation, but that hasn’t helped pretty much either.
It is expected that the search will be going on for a record of 90 days and will most probably be taking place over an area of approximately 25,000 square kilometers off Australia’s west coast. Oliver Plunkett, the Malaysian government and Ocean Infinity CEO participated in the signing of the deal and that took place at a ceremony in Kuala Lumpur on Wednesday which attracted the attendance of quite a significant number of those who lost their loved ones in the crash.
A person familiar with the matter said, “If the debris field, cockpit voice recorder or flight recorder are discovered within the first 5,000 sq km (1930 sq mi) searched, Ocean Infinity will command a fee of $20 million, rising to $70 million if any of those items are found outside the initial 25,000 sq km area.”