Will Malaysia pay Ocean Infinity if MH370 is not found?

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Malaysia Will Not Pay Ocean Infinity If MH370 Wreckage Is Not Found

Malaysia will not be obligated to pay Ocean Infinity if the search for the missing MH370 aircraft concludes without locating its wreckage or black box. The agreement between Malaysia and the exploration firm operates on a "no cure, no fee" basis, meaning payment is contingent upon the successful discovery of the plane.
Search Deadline Set for May 29

The current search operation for MH370, conducted by Ocean Infinity, is scheduled to conclude on May 29. Despite a request from the company for a one-week extension, the government has confirmed that the search will not continue beyond this date. This firm deadline means any further exploration efforts beyond May 29 will not be undertaken by Ocean Infinity under the current agreement.
Contingent Payment Structure

The financial arrangement with Ocean Infinity is structured as a performance-based contract. Under this "no cure, no fee" model, no payment is due to the company if the primary objective of finding the aircraft is not achieved. This contrasts with potential alternative payment structures that might involve fixed fees regardless of outcome.
Previous Administration's Agreement

The engagement of Ocean Infinity was initiated under the previous Malaysian administration. An agreement was made in January to potentially pay the US-based firm up to US$70 million if it successfully located the aircraft during its search in the southern Indian Ocean. This commitment was part of a renewed effort to solve the aviation mystery that occurred on March 8, 2014.

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Will Malaysia pay Ocean Infinity if MH370 is not found?

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