In an interesting development, an aviation expert has recently claimed that he has located the wreckage of the missing MH 370, but will require £1.3 million (a little over $2 million) to find it.

A recent report in Metro UK quotes military aviation technology developer Andre Milne claiming that the remains of the ill-fated Malaysian Airlines Boeing lie in the Bay of Bengal - somewhere between Malaysia and India.

Andre Milne, who is of the firm belief that the wreckage of the plane is in the Bay of Bengal, has made a video appeal for crowd funding. He has claimed that the MH370 was being tracked north-west, prior to disappearing from military radar.

According to Milne, the plane was next seen by witnesses flying past the Maldives and then it circled back over to fly and land in the lower Bay of Bengal.

The aviation technology expert is of the view that the ill-fated aircraft with 239 passengers and crew on board drifted northwards. He claims that data available from satellite shows an object similar to MH370 resting in the northern part of the Bay of Bengal - exactly where the Boeing drifted to.

In his crowd funding appeal, Milne says, "This area is not being searched. I need your help in order to verify one way or another whether this is in fact MH370." He further sad, "This disappearance of this aircraft has touched every single person who has heard about it. It touches us all differently."

"If you want to see whether or not this aircraft is in this site, please participate in the crowd-sourcing venture," Milane pleaded.

Meanwhile, the mysterious disappearance of the aircraft has baffled aviation experts worldwide and since it went missing on March 8 last year en route from Kuala Lumpur to Beijing.