From Wiki, this seems to be latest news of the search for AE -
On March 20, 2012, the US State Department and TIGHAR together announced that TIGHAR is launching a new search based on the re-evaluation of a 1937 photograph taken of the reef at Nikumaroro. Called "Niku 7" and endorsed by Dr. Robert Ballard, the expedition will embark in July 2012 to undertake an underwater search off Nikumaroro.