Malaysia Airlines Flight 370 and replaced it with Flight 318 (MH318) beginning 14 March. This follows a common practice among airlines to rename flights following notorious accidents. The flight—Malaysia Airline's second daily flight to Beijing—was later suspended beginning 2 May; according to insiders, this was due to lack of demand. Malaysia Airlines was given US$110 million from insurers in March 2014 to cover initial payments to passengers' families and the search effort. In May, remarks from lead reinsurer of the flight, Allianz, indicated the insured market loss on Flight 370, including the search, was about US$350 million. At the time of Flight 370's disappearance,
Malaysia Airlines Flight 370 his family alert authorities. It was flown to Australia for analysis. It carried a stencilled code 676EB, which identified it as part of a Boeing 777 flap track fairing, and the style in which the lettering was painted onto the fairing matched stencils used by Malaysia Airlines, making it almost certain that the part came from 9M-MRO. The location where both pieces were retrieved was found to be consistent with the drift model performed by CSIRO, further corroborating they could have come from Flight 370. On 7 March 2016, more debris, possibly from the aircraft, was found on the island