Just days after efforts to find Malaysia Airlines flight MH370 were renewed, details have emerged on the man who is helping finance what has been called the “final” search for the missing aircraft.
According to UK-based news organisation Sky News, Anthony Clake, an executive at Marshall Wace Asset Management, is the key figure behind private exploration firm Ocean Infinity, which hopes to unravel one of the biggest mysteries in aviation history.
Clake, a London-based hedge fund millionaire, is the largest shareholder in the firm. He is said to have invested in Ocean Infinity due to its advanced technology.
A spokesman told Sky News that Clake’s involvement in the search for MH370 was restricted to a financial role, and that he played no other part in the operation.
The new search for the missing plane began on Jan 22, after Malaysia agreed to pay Ocean Infinity up to US$70 million if it found the aircraft within 90 days.
The search vessel, the Seabed Constructor, carries eight “autonomous underwater vehicles”, or submersible craft, that will scour the seabed with scanning equipment for information to be sent back for analysis.
Charitha Pattiaratchi, professor of coastal oceanography at the University of Western Australia, told Reuters that it would likely be the end of such efforts “for decades” if the new search failed to uncover anything.
“If they don’t find anything in the 90 days… I think that would be the end for decades – this is like the final effort, if you like,” he said.
MH370 disappeared from radar en route from Kuala Lumpur to Beijing on March 8, 2014 with 239 passengers and crew on board.
The initial search, jointly coordinated and funded by Australia, China and Malaysia, was suspended in January last year.-FMT