It was the grim news that families of the missing Malaysian Airlines jet had dreaded for weeks, and on Monday they heard it from Malaysia's prime minister: new analysis of satellite data indicates Flight MH370 crashed into a remote corner of the Indian Ocean. Picture: Ng Han Guan

Kuala Lumpur -

A concert to mark Malaysia's Formula 1 Grand Prix weekend which was set to feature US star Christina Aguilera has been cancelled, its sponsor said on Tuesday.

State oil company Petronas, which sponsors the Mercedes F1 racing team and the annual concert, said it called off the show as “a sign of respect to the families and next-of-kin of the crew and passengers of Flight MH370”.

Prime Minister Najib Razak announced late on Monday that the Malaysia Airlines flight, which went missing on March 8 en route from Kuala Lumpur to Beijing with 239 people aboard, had crashed in the southern Indian Ocean.

The concert was to be held on Friday and Saturday at the Kuala Lumpur Twin Towers and feature Aguilera, Korean star Rain and R&B musician Craig Davis.

“It is truly a tragedy and we are deeply saddened about the crew and passengers of Flight MH370,” said a statement by Petronas on the concert's Facebook page.

Formula 1 organisers were to meet later on Tuesday to discuss a possible tribute to victims at this weekend's event.

Mercedes driver Nico Rosberg, who arrived in the Malaysian capital earlier, said on Twitter that “all my prayers go to friends and families of the passengers on #MH370”.

Malaysia will also host a EurAsia Cup golf tournament and the prestigious Laureus sports awards this week.

Laureaus World Sports Academy, which will honour last year's top sports figures on Wednesday, said it would have a reduced programme because of the disaster.

Academy chairman Edwin Moses said a football friendly between past greats would be dedicated to those hit by the disaster. - Sapa-AFP