Search For Flight MH370 Extended For A Year, 12 Years After Disappearance - NDTV
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Twelve years on, Malaysia is paying Ocean Infinity only if they find MH370 — a bet that reveals how little anyone still knows about where the plane went.
Principal-Agent ProblemGame TheoryBayesian InferenceSunk Cost Fallacy
Theory Briefing
- Malaysia extended Ocean Infinity's search contract to June 2027 on a "no find, no fee" basis — meaning the government pays nothing unless the wreckage is located.
- Twelve years after MH370 vanished, no definitive crash site has been confirmed, making this one of aviation's longest unsolved disappearances.
- The "no find, no fee" structure shifts all financial risk onto the search company, a rare arrangement that signals how uncertain the odds of success remain.
- Ocean Infinity will scan new areas of the southern Indian Ocean, where satellite data has long pointed but previous sweeps came up empty.