Malaysia's Prime Minister Najib Razak speaks during the press conference for the missing Malaysia Airline, MH370 at Putra World Trade Centre (PWTC) in Kuala Lumpur, Malaysia, Monday. Pic: AP.

KUALA LUMPUR, Malaysia (AP) — Malaysian Prime Minister Najib Razak says a new analysis of satellite data indicates the missing Malaysia Airlines plane plunged into a remote corner of the Indian Ocean.

The news is a major breakthrough in the unprecedented two-week struggle to find out what happened to Flight 370, which disappeared shortly after takeoff from Kuala Lumpur to Beijing with 239 passengers and crew aboard on March 8.

Dressed in a black suit, Najib announced the news “with deep sadness and regret” in a brief news conference late Monday night.

He said Malaysia Airlines has informed the families of passengers of the plane’s fate.

Najib said the information was based on an unprecedented analysis of satellite data from Inmarsat.

Full transcript of Najib Razak’s statement sourced from his Facebook page:

“This evening I was briefed by representatives from the UK Air Accidents Investigation Branch (AAIB). They informed me that Inmarsat, the UK company that provided the satellite data which indicated the northern and southern corridors, has been performing further calculations on the data. Using a type of analysis never before used in an investigation of this sort, they have been able to shed more light on MH370’s flight path.

“Based on their new analysis, Inmarsat and the AAIB have concluded that MH370 flew along the southern corridor, and that its last position was in the middle of the Indian Ocean, west of Perth.

“This is a remote location, far from any possible landing sites. 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.

“We will be holding a press conference tomorrow with further details. In the meantime, we wanted to inform you of this new development at the earliest opportunity. We share this information out of a commitment to openness and respect for the families, two principles which have guided this investigation.

“Malaysia Airlines have already spoken to the families of the passengers and crew to inform them of this development. For them, the past few weeks have been heartbreaking; I know this news must be harder still. I urge the media to respect their privacy, and to allow them the space they need at this difficult time.”