Summary
Malaysia announced it will resume the search for Malaysia Airlines Flight MH370, which disappeared in 2014 with 239 people aboard.
The government accepted a proposal by US exploration firm Ocean Infinity to search a 15,000-square-kilometer area in the southern Indian Ocean.
If significant wreckage is found, Ocean Infinity will receive $70 million. Two prior searches, including one in 2018, yielded no results.
Families of the victims, including over 150 Chinese passengers, continue to seek closure and compensation from involved companies.
Basically no find, no fee. And it’s up to OceanInfinity to be able to actually find the wreckage before they lose 70 million down the ocean.
The other thing that isn’t mentioned is the salvage rights. Local Malaysian newspapers have not even mentioned anything too.