Ocean Infinity ready to resume MH370 search on "no cure, no fee" deal

In a Facebook post, Wee said he had a meeting with Ocean Infinity chief executive officer Oliver Plunkett and representatives of the next of kin of MH370 victims at his office here, where Plunkett gave an update on the company's latest advances in technology, human talent, and capabilities compared to five years ago.

"He (Plunkett) shared Ocean Infinity readiness to resume the search operation of MH370 plane based on a "no cure, no fee" deal, whereby payment is made only if the company finds the wreckage," said Wee.

Wee said he had instructed Transport Ministry (MOT) officers to obtain further information from Ocean Infinity for deliberation before consulting on further decisions with the governments of Australia and China.

On March 8, 2014, the Malaysia Airlines aircraft MH370 with 239 people on board left Kuala Lumpur International Airport for Beijing but vanished from the radar screen about two hours after its departure.

Since then, several countries had launched large-scale search operations in the southern Indian Ocean but found no plane nor wreckage.

In October 2017, the Malaysian government released a statement that it was in discussion with Ocean Infinity to make a further underwater search in the area, on the basis of no fee if the wreckage was not found.

The search started in January 2018 and ended in June 2018 without finding the aircraft.

Wee said it was reiterated in the meeting that there must be new credible evidence before it could proceed with another search operation.