US Company Offers to Take Financial
Risk of New MH370 Search
By THE ASSOCIATED PRESS AUG. 11, 2017, 6:27 A.M. E.D.T.

CANBERRA, Australia — U.S. seabed exploration company Ocean Infinity said
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 kilometers
(46,000 square miles) of remote seabed and failing to find any trace of Malaysia
Airlines Flight 370.

Ocean Infinity, based in Houston, Texas, 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.

"The terms of the offer are confidential, but I can ... confirm that Ocean
Infinity have offered to take on the economic risk of a renewed search," company
spokesman Mark Antelme said in an email.

"We're in a constructive dialogue with the relevant authorities and are
hopeful that the offer will be accepted," he added.

Voice370, a support group for families of the 239 people on board, said under the
terms of the offer made in April, Ocean Infinity "would like to be paid a reward if
and only if it finds the main debris field."

"Why hasn't Malaysia accepted this win-win offer?" Voice370 asked in a

Malaysia did not immediately respond to the families' question Friday.

000-square-kilometer (9.SEE discovery. far southwest of Australia. which has already MY OPTIONS cost $160 Subscriber login million. But Malaysia. Ocean Infinity's website says the company uses the world's most advanced fleet of autonomous vehicles to make high-resolution seabed surveys of unmapped locations." it added. Australia has coordinated the search on Malaysia's behalf because Flight 370 crashed in Australia's zone of search and rescue responsibility on March 8. to Beijing. publicly funded search. after flying far off course on a journey from Kuala Lumpur.700-square-mile) area of ocean on the northern boundary of the last search zone. Transport Minister Darren Chester declined to comment on the possibility of a private search. based on analysis of Boeing 777 debris that drifted and washed up on western Indian Ocean beaches. Malaysia. "Australia stands ready to assist the Malaysian government in any way it can. as the state of registry for the aircraft. Australia and China agree that the newly identified area is too 9big to justify resuming the Endless One subscription. the flight most likely crashed in a 25. retains overall authority for any future search and any questions regarding possible future search efforts should be directed there. 2014. "Malaysia. © 2017 The New York Times Company ." his office said in a statement. An international board of experts has concluded.