Malaysia approves exploration firm to resume search for MH370: official

KUALA LUMPUR -- Malaysia's Cabinet has agreed to terms and conditions of the service agreement with exploration firm Ocean Infinity to resume the search for the Malaysian Airlines flight MH370, Malaysian Transport Minister Anthony Loke Siew Fook said here on Wednesday.

Loke said the ministry is set to sign the agreement with the marine robotics company on behalf of the government, according to the Malaysian national news agency Bernama.

The search will cover a 15,000-square-km area in the southern Indian Ocean, under a "no find, no fee" agreement, and the company will receive 70 million US dollars if the wreckage is found.

The disappearance of MH370 was a tragic incident that occurred on March 8, 2014, when the plane, en route from Kuala Lumpur to Beijing, China, vanished from radar screens with all 239 people on board.