US company offers to search for MH370 on its own dime

August 12, 2017 00:05

Months after the underwater search for Malaysia Airlines Flight 370 was called off, an American company is offering to resume the hunt for the missing airliner.

Ocean Infinity, a Texas-based firm that specialises in seabed exploration technology, said that it has submitted an offer to search for the remains of the Boeing 777 that disappeared more than three years ago with 239 people on board.

The company declined to reveal the exact terms of the proposal, but said it's willing to "take on the economic risk of a renewed search."

It's a bold move to offer to shoulder the financial burden of trying to help solve one of modern aviation's greatest mysteries. The original underwater search dragged on for years and cost roughly $150 million.

Malaysia, Australia and China announced in January that they were suspending the search for MH370, which vanished while flying from Kuala Lumpur to Beijing on March 8, 2014. But the governments didn't rule out a future resumption of the search if "credible new information" came to light.

« Back to LIVE

TOP STORIES

Harvey Weinstein's 2020 rape conviction overturned

In a pivotal turn of events, the New York Court of Appeals has overturned renowned Hollywood producer Harvey Weinstein's 2020 rape conviction, marking a significant development in the legal saga that unfolded in the wake of the #MeToo...

Has Govinda Forgiven Krushna Abhishek?

Govinda surprised everyone by attending his niece Arti Singh's wedding.

Indian-origin man killed while evading arrest in US

A 42-year-old Indian-origin man in the United States was shot and killed by police in San Antonio after he struck two officers with his vehicle as they were trying to arrest him in connection with an aggravated assault case against a woman.

Modi is scared, he may cry on stage: Rahul

The former Congress chief accused Modi of 'diverting public attention' through various means.

Swapnil reveals how RCB bowlers stopped the rampaging SRH batters

Following his side's win over Sunrisers Hyderabad, Royal Challengers Bengaluru (RCB) bowling all-rounder Swapnil Singh said that the ball was stopping and the team felt that their 207-run target was defendable.