One of the greatest tragedies and mysteries of aviation history of our time is planned to be turned into an entry for the Cannes Film Festival.

Indian director Rupesh Paul pitched the dramatic film "The Vanishing Act" with a 90-second trailer based on the still-missing Malaysian Airlines Flight 370.

According to Variety, Paul has presented his idea to financiers last Saturday afternoon. The one-and-a-half minute long teaser portrayed a cast of horrified passengers on board a turbulent jetliner. The scenes were shot in a parked Aerobus in Bombay, India, and took six days to shoot.

Paul mentioned the Malaysian journalist who contacted him after Flight 370 disappeared on March 8, telling the director about his theory on what took place. This served as his inspiration in working on a screenplay with an ending based on the theory of the journalist who insists to remain unidentified. He was also reported to be one of the film's investors.

"The Vanishing Act" is estimated to have a budget of around $3.5 million, with more than 200 actors, and will be shot within a 35-day timeframe. The film, with the tagline "The untold story of the vanished Malaysian flight," is projected to be released sometime in August.

The main concern of this project is the possibility of it being insensitive to the traumatized family and friends of the 227 passengers and crew members of Flight 370. Paul admits that the project is "partly a work of fiction," especially without having supporting evidence to what actually happened. Aside from the theory suggested by the Malaysian journalist, the director will also be incorporating theories suggested by CNN. He did not hint his plans for the ending yet, but he did say that the movie will not include aliens or guns. Still, others remain apprehensive about the idea, thinking it might be too soon for this film to be made.