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 unofficial disappearance theories a conference in April 2013, the Federal Aviation Administration and other major governmental bodies dismissed the significance of the app. They stated that the software on an actual plane would be different from the software on which Teso had tested his app. A mathematics professor from Texas has argued that the plane must have entered the sea vertically; any other angle of entry would have splintered the airplane to many pieces, which would have necessarily been found already. On 17 July 2014, Malaysia Airlines Flight 17 was shot down over Ukraine. Because it, like Flight 370, was also a Boeing