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,
Timeline of Malaysia Airlines Flight 370 On 5 August, Malaysia's Prime Minister confirms that the first object discovered is from Flight 370; confirmation from French officials comes on 3 September. In the subsequent months several pieces of debris are determined to be highly likely to have come from Flight 370. On 17 January 2017 the underwater search for Flight 370 is suspended after a survey of of the Indian Ocean is unsuccessful in locating the plane. Timeline of Malaysia Airlines Flight 370 The timeline of Malaysia Airlines Flight 370 lists events associated with the disappearance of Malaysia Airlines Flight 370—a scheduled, commercial flight operated by Malaysia