Ocean Infinity has confirmed that the current search for the missing Malaysian Airlines flight MH370 will soon be concluded.
The company noted that it could not find any trace of the plane that disappeared in March 2014 with 239 people aboard.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
During the course of its operation in the southern Indian Ocean, the company has searched and collected data from over 112,000km² of ocean floor.
The search, which began in January this year, has so far covered more areas than its initial target of 25,000km². The total area covered by the ongoing search is almost the same as the area covered by previous operations in two and a half years.
Approved by the Government of Malaysia, the search was conducted on a ‘no cure, no fee’ basis, which means Ocean Infinity will only receive around $70m the wreckage of the aircraft is found.
Ocean Infinity CEO Oliver Plunkett said: “Part of our motivation for renewing the search was to try to provide some answers to those affected.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“It is therefore with a heavy heart that we end our current search without having achieved that aim.”
According to Malaysia transport Minister Anthony Loke, the government has approved Ocean Infinity’s request to extend its search for the missing plane for at least two more days until 30 May 2018.
Despite conducting an extensive search for around five months, Ocean Infinity was unable to find any wreckage of the plane.
The company, which spent RM500m (£95m) on the search, expects to release a full report on its findings by July this year.
