Australia’s Minister for Infrastructure and Transport Darren Chester acknowledged the agreement between the Malaysian government and the US- based seabed exploration company.
“The Malaysian Government has accepted an offer from Ocean Infinity to search for the missing plane, entering into a ‘no find no fee’ arrangement,” the MP said in a statement.
Australia will provide technical assistance at the request of the Malaysian government.
Flight MH370 vanished on March 8, 2014, on the way from Kuala Lumpur to Beijing, with 239 people on board.
Its disappearance is one of the world’s greatest aviation mysteries, and sparked the largest ever search, costing about $200 million.
The Australian-led search for the aircraft was suspended in January, much to the anguish of distraught relatives.
Mr Chester said he was hopeful but did not want to raise the “hopes for the loved ones of those on board.” At the time it was suspended, the Australian Transport Safety Bureau released findings …