The Malaysian government has officially called off the search for survivors from the MH370 flight that mysteriously went missing last year en route to Beijing. A government official said it was "with the heaviest heart and deepest sorrow" that "we officially declare Malaysia Airlines flight MH370 an accident [...] and that all 239 of the passengers and crew onboard MH370 are presumed to have lost their lives." The accident declaration should allow relatives of the people on board to receive compensation payments. No trace of the plane or survivors has been found since it lost contact with air traffic control between Malaysia and Vietnam on March 8 last year. The Malaysian government will continue to search for the remains of the plane.
Copyright © 2015 MarketWatch, Inc.
Continue Reading Below