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"I'd like to reiterate our deepest sympathies are with the families and loved ones of those who lost their lives in the accident", Boeing Commercial Airplanes President and CEO Kevin McAllister said in a statement issued Thursday.

Boeing CEO Dennis Muilenburg acknowledged that two fatal crashes - one involving an Ethiopian Airlines flight and the other involving a Lion Air plane in Indonesia last fall - were both linked to the "erroneous activation" of the planes' Maneuvering Characteristics Augmentation System, or MCAS, which prevents the plane from stalling.

"We continue to work toward a full understanding of all aspects of this accident", the FAA said in a statement Thursday, after the preliminary report was released. It also noted that the accident is still being investigated.

Family members of crash victims said they were unsettled by the report's findings.

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Boeing's apology for the Ethiopian Airlines crash last month is "too little, too late", the pilot's father has told the BBC.

Dr Tessema is grieving for Yared Getachew, the 29-year-old pilot who had more than 8,000 hours of flying experience when he was killed. Thursday's revelations raise questions about repeated assertions by Boeing and USA regulators that pilots could regain control in some emergencies by following steps that include turning off an anti-stall system designed specifically for the Max, known by its acronym, MCAS.

"The crew performed all the procedures repeatedly provided by the manufacturer, but was not able to control the aircraft", said Ms Dagmawit, unveiling results of the preliminary probe into the crash. And she suggested that the aviation authority ensure that a review of the aircraft flight control system be adequately addressed by the manufacturer before the aircraft was released for operations.

The investigation reportedly revealed that the pilots fought against the plane's own systems for nearly the entire flight.

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The inquiry found the pilots were not to blame and pointed to sensor issues as a potential cause of the crash.

The company said it would reduce production of the 737 Max by roughly 20 percent, to 42 planes per month from 52 planes per month. Twenty seconds later it went off again, throwing the plane into a steep nose dive. The pilots followed the "emergency checklist" but could not take back control of the aircraft, according to the report.

Even though pilots took at least some of the steps recommended by Boeing and the FAA to counteract MCAS, they were confused and ultimately lost control, according to the report.

Ethiopia's insistence that its pilots followed procedures when their Boeing Co 737 MAX nosedived before a deadly crash, and Boeing's recent declaration that a new software fix makes a "safe plane safer", have set the stage for a lengthy fight over the roles of technology and crew in recent 737 MAX crashes.

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He said the Ethiopian Airlines 302 preliminary report 'was very thorough and well done'. The trim system is also used to stabilise a plane.