Malaysia extends MH370 search with Ocean Infinity to 2027 - MSN
msn.com
Malaysia is paying Ocean Infinity up to $70 million — but only if they find MH370 — to keep searching until 2027, a decade after the plane vanished.
Principal-Agent ProblemExpected Value TheorySunk Cost FallacyInformation Asymmetry
Theory Briefing
- Malaysia extended its search contract with Ocean Infinity to mid-2027 under a "no find, no fee" deal worth up to $70 million.
- The extension means the hunt for MH370 continues more than a decade after the aircraft disappeared, with its final resting place still unknown.
- A "no find, no fee" structure means Ocean Infinity bears the financial risk if the search comes up empty again.
- The deal raises the question of whether new technology or search zones can succeed where years of prior efforts have failed.