The five-person submersible had on board crew and paying tourists and was one of 18 “missions” planned by deep sea exploration company OceanGate Expeditions for 2023 and onwards.
The company said the aim of its missions was to document the Titanic and its rate of decay, by collecting images, videos, laser and sonar data.
The expeditions were being funded by tourists, with the initial group reported to have paid between $US100,000 to $US150,000 ($146,000 to $219,000) apiece.
Action Aviation confirmed that its company chairman, UK billionaire businessman Hamish Harding, was one of the tourists on board.
OceanGate told the court that Titan’s viewport is “the largest of any deep diving submersible” and that its technology provides an “unrivalled view” of the deep ocean.
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CBS News reporter David Pogue was on board the same vessel last year when it went to visit the Titanic wreckage and said at the time he had to sign a waiver which stated the submersible was “experimental” and “had not been approved by any regulatory body.”
Pogue said the submersible had about as much room inside as a minivan and he “couldn’t help noticing how many pieces of this sub seemed improvised” including a video game controller that was used to pilot the sub.
In a tweet posted after news of the submersible’s disappearance broke, Progue recalled the vessel had gotten lost “for a few hours” during the expedition he was on.
Groundbreaking project gives never-before-seen view of Titanic