MH370 search to be most costly ever at $100 mln: analysts


SYDNEY- The search for missing Malaysia Airlines Flight MH370 is set to be the most expensive in aviation history, analysts say, as efforts to find the aircraft deep under the Indian Ocean show no signs of slowing.

The Boeing 777 vanished on March 8 with 239 people on board, after veering dramatically off course en route from Kuala Lumpur to Beijing and is believed to have crashed in the sea off Australia.

Australia, which is leading the search in a remote patch of water described as “unknown to man”, has not put a figure on spending, but Malaysia has warned that costs will be “huge”.

“When we look at salvaging (wreckage) at a depth of 4.5 kilometres (2.8 miles), no military out there has the capacity to do it,” Transport and Defense Minister Hishammuddin Hussein said Thursday.

“We have to look at contractors, and the cost of that will be huge.”

Ravikumar Madavaram, an aviation expert at Frost & Sullivan Asia Pacific, said Malaysia, Australia and China, which had the most nationals onboard the flight, were the biggest spenders and estimated the total cost up to now at about US$100 million (72 million euros).

“It’s difficult to say how much is the cost of this operation … but, yes, this is definitely the biggest operation ever (in aviation history).

“In terms of costs this would be the highest,” he told AFP.

SOURCE: AFP

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