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 the aircraft flew into the southern Indian Ocean, before communication ended shortly after 08:19 (UTC+8:00). The disappearance initiated a multi-national search effort that became the most expensive search in aviation history. In the weeks after Flight 370's disappearance, the search focused on waters in Southeast Asia and an investigation into the disappearance was opened. After a week of searching, Malaysia announced that analysis of communications between the aircraft and a satellite communications network had found that Flight 370 continued to fly for several hours after it lost contact with air traffic control. Its last communication on the network was made