Friday, April 18, 2014

Epic Research Singapore : Malaysia Airline Market Update

           MH370 search to be most costly ever at US$100m

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.
 
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 Defence Minister Hishammuddin Hussein said Thursday.

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