Malaysia is negotiating terms and conditions with Ocean Infinity after accepting its proposal to search for the wreckage of Malaysia Airlines Flight 370, a decade after the aircraft disappeared, according to Transport Minister Anthony Loke.
The marine exploration company’s search will be conducted in a new area estimated at 15,000 square kilometers (5,791.5 square miles) in the southern Indian Ocean, according to Loke. The endeavor will be based on the “no find, no fee” principle, he added.