Victims of the AirAsia flight QZ8501 disaster will be commemorated at a memorial built near the crash site, announced the National Search and Rescue Agency (Basarnas) Chief Bambang Soelistyo on March 3.

Soelistyo added that the memorial will serve as a reminder of the importance of traffic safety.

Earlier, Basarnas officially ceased its recovery operation for AirAsia flight QZ8501, which crashed into the Java Sea, Indonesia in late December 2014.

The investigation into the crash of the plane is expected to be completed by October this year, according to Indonesia's National Transportation Safety Commission (NTSC ).

Flight QZ8501 crashed into open water and claimed the lives of all 162 people on board, including seven crew members, on its way from Surabaya, East Java, to Singapore on December 28./.