(Bloomberg) — Malaysia concluded that the missing jetliner crashed in the southern Indian Ocean with no hope of survivors, ruling out theories of a detour over Asia or an island landing, as the search for wreckage drags on.

An analysis of satellite data shows that the Boeing Co. 777-200ER "flew along the southern corridor and that its last position was in the middle of the Indian Ocean, west of Perth," Prime Minister Najib Razak told reporters today in Kuala Lumpur after another fruitless day of air and sea patrols.

"This is a remote location, far from any possible landing sites," Najib said. "It is therefore with deep sadness and regret that I must inform you that according to this new data, flight MH370 ended in the southern Indian ocean."

Najib's statement capped a day in which sightings of objects adrift at sea raised optimism for a breakthrough in the longest-running disappearance in the modern airline era. He shed no new light on why Flight 370 with its 239 passengers and crew diverted from a planned Kuala Lumpur-to-Beijing route on March 8 and ended up traveling in the opposite direction.

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