According to CNN, investigators from Boeing - the plane's manufacturer - conducted a photo assessment of the wreckage and were able confirm an indentification number that corresponds with a Boeing 777 part.
As a result, the investigators have a "high degree of confidence" the part found on the island could be the right "flaperon" from the 777, CNN reported.
This week's developments have rekindled hope that the missing Malaysia Airlines Boeing 777-200ER - registration number 9M-MRO - would finally be located 16 month after disappearing during a flight from Kuala Lumpur, Malaysia to Beijing, China.
We reached out to Boeing to find out if the company planned to send engineers to review the wreckage in person, however, the aircraft maker declined to comment. CNN has reported that the debris will sent to France for further examination.
In addition, when asked whether the company planned to release further comment if or when the part is confirmed to be from the missing jet, a Boeing spokesperson told Business Insider in an email:
Boeing remains committed to supporting the MH370 investigation and the search for the airplane. We continue to share our technical expertise and analysis. Our goal, along with the entire global aviation industry, continues to be not only to find the airplane, but also to determine what happened - and why."
All information will be released via the Malaysian or Australian lead investigators. We are supporting as technical advisors.
Since 1995, nearly 1,200 Boeing 777s have entered service with airlines and cargo carriers.
In 20 years, only five Boeing 777s have been written off, due to fire, crashes, or disappearance.