U.S. company offers to take financial risk of new MH370 search

An unidentified man walks past MH370 related street art under a flyover in Kuala Lumpur, Malaysia on Friday, March 6, 2015. (AP / Joshua Paul)

By Rod McGuirck, The Associated Press, August 10, 2017 

CANBERRA, Australia – U.S. seabed exploration company Ocean Infinity said on Friday it had offered to take the financial risk of a renewed search for the missing Malaysian airliner, as victims’ families urged the Malaysian government to agree to a private-sector hunt for Flight 370’s wreckage.

Malaysia, Australia and China suspended a nearly three-year search in the southern Indian Ocean in January after scouring 120,000 square kilometres of remote seabed and failing to find any trace of Malaysia Airlines Flight 370.

Ocean Infinity said it remained hopeful that Malaysia would accept its offer to continue the search using a team of advanced, fast-moving deep-sea drones fitted with sonar equipment.

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