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,
Analysis of Malaysia Airlines Flight 370 satellite communications China Standard Time (CST) on 8 March (06:30 MYT; 22:30 UTC, 7 March). At 7:24 MYT/CST, Malaysia Airlines issued a media statement that Flight 370 was missing. The datalink for Malaysia Airline's avionics communications at the time of the incident was supplied by SITA, which contracted with Inmarsat to provide a satellite communication link using Inmarsat's "Classic Aero" service. Aeronautical satellite communication (SATCOM) systems are used to transmit messages from the aircraft cockpit as well as automated messages from on-board systems using the ACARS communications protocol, but may also be used to transmit FANS and ATN messages and provide voice,