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Malaysia's transport ministry said Wednesday that a private firm will resume a deep-sea hunt for Malaysia Airlines Flight 370 later this month, renewing hopes of finally locating the jet that vanished without a trace more than a decade ago.

The search will be carried out by Texas-based marine robotics firm Ocean Infinity, which 

signed a new “no-find, no-fee” contract with Malaysia's government

Ocean Infinity made its first seabed search operation for the plane in 2018 under a similar deal and 

 at a new 15,000-square-kilometer (5,800-square-mile) site in the Indian Ocean after Malaysia’s government gave it the greenlight, but the search was halted in April due to bad weather.

Ocean Infinity will be paid $70 million only if wreckage is discovered.

It is unclear if the company has new evidence of the plane’s location. Ocean Infinity CEO Oliver Punkett reportedly said last year that the company had improved its technology since 2018. He has said the firm is working with many experts to analyze data and had narrowed the search area to the most likely site.

The Boeing 777 plane disappeared from radar shortly after taking off on March 8, 2014, carrying 239 people, mostly Chinese nationals, on a flight from Malaysia’s capital, Kuala Lumpur, to Beijing. Satellite data showed the plane turned from its flight path and headed south to the far-southern Indian Ocean, where it is 

An expensive multinational search failed to turn up any clues to its location, although 

 on the east African coast and Indian Ocean islands.

Malaysia's transport ministry said in a brief statement Wednesday that Ocean Infinity will search intermittently from Dec. 30 for a total of 55 days, in targeted areas believed to have the highest likelihood of finding the missing aircraft.

“The latest development underscores the government of Malaysia’s commitment in providing closure to the families affected by this tragedy,” it said.

In Beijing, Chinese Foreign Ministry spokesperson Lin Jian said, “We ... appreciate the efforts made by the Malaysian side.”

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Malaysia's transport ministry has announced that a private firm will resume the search for Malaysia Airlines Flight 370 later this month. Texas-based Ocean Infinity will conduct the deep-sea hunt under a "no-find, no-fee" contract with Malaysia's government.

Marine robotics firm will resume deep-sea search for MH370 plane that vanished a decade ago

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