KUALA LUMPUR (Nov 10): Malaysian Airline System Bhd (MAS) has dismissed recent news reports speculating on an official declaration of loss of flight MH370, saying the ongoing search and recovery operations will remain and will not be discontinued.

The national airline said recent speculation in the press regarding a declaration of loss followed the expression of personal opinion only.

“Any information regarding MH370, the search and recovery operations and any matters related to the missing aircraft will only be communicated by the Joint Agency Coordination Centre (JACC),” it said in a statement today.

MAS also highlighted that any course of action is always guided by the advice of its technical team leading the search operations.

"MAS and its insurers remain steadfast to ensure that fair and reasonable compensation is paid to the families of all MH370 passengers in accordance with the law when the families are ready to discuss the issue. We have stated this publicly on many occasions and we reiterate that the airline will honour any commitments that we have made," it added.

“With regard to the level of compensation available pursuant to the Montreal Convention, or similar applicable legal regime, the airline has made it very clear that payments are determined by law to take account of proven passenger and family circumstances and will be assessed accordingly,” said MAS.