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 expected to arrive at 6:30 local time (CST; UTC+08:00). At 1:19, while Flight 370 was over the South China Sea between Malaysia and Vietnam, Malaysian air traffic control (ATC) instructed Flight 370 to contact the next ATC in Vietnam. The final voice contact from Flight 370 was made when its captain replied, "Good night. Malaysian Three Seven Zero". Two minutes later, the aircraft's transponder stopped functioning, causing it to disappear from ATC's secondary radar. Malaysian military radar continued to track the aircraft as it turned left, crossed the Malay Peninsula near the Malaysia–Thailand border, and travelled over the Andaman Sea.