Search for Malaysia Airlines Flight 370 Minh City as the aircraft passed into Vietnamese airspace just north of the point where the final verbal communication was made. Less than two minutes later, at 01:21, the aircraft disappeared from the radar screens of both Malaysian and Vietnamese ATC, which use secondary radar to track aircraft. No distress call was made. Flight 370 was expected to arrive in Beijing at 6:30 local time (same time zone as Malaysia; 22:30 UTC, 7 March). At 7:24, Malaysia Airlines issued a media statement that Flight 370 was missing after contact was lost with Malaysian ATC at 2:40. The time of the
Malaysia Airlines Flight 370 market share and face a challenging environment to stand out from competitors while addressing its financial plight. The company's stock, down as much as following the disappearance of Flight 370, had fallen 80% over the previous five years, which contrasted with a rise in the Malaysian stock market of about 80% over the same period. Many analysts and the media suggested that Malaysia Airlines would need to rebrand and repair its image and/or require government assistance to return to profitability. The loss of Flight 17 in July greatly exacerbated Malaysia Airline's financial problems. The combined effect on consumer confidence of