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CIBC analyst Kevin Chiang wrote in a note to clients on Monday that WestJet views the grounding of the Boeing jets as "manageable over the near term", but noted it would become a bigger issue if the aircraft remains grounded through the busy summer season.

The Ethiopian Airlines Boeing 737 Max 8 crash last week showed "clear similarities" to a Lion Air crash involving the same model of plane in October, Ethiopia's transport minister said Sunday. The system automatically makes adjustments to the tail angle to keep the plane level in flight. If it is too high, it can throw the plane into an aerodynamic stall.

"The sensor going out is serious", said Clint Balog, a test pilot and associate professor at Embry-Riddle Aeronautical University, to The Post.

The Lion Air plane crashed in October past year, with all 189 passengers on board killed. The investigation comes alongside a Department of Transportation probe into the Federal Aviation Administration's approval process that certified the Boeing plane and its safety and training procedures.

An official told Reuters that when investigators - after reviewing black box data from the Ethiopian Airlines crash - return to Addis Ababa to conduct interpretive work, the NTSB and FAA will assist in verification and validation of the data.

As investigators are trying to determine the reasons behind the crashes of two Boeing 737 MAX 8 planes in the last half year, United States authorities are conducting a probe into how potentially flawed planes received permission to fly.

Both the planes were Boeing 737 MAX 8s, and both crashed minutes after take off.

"Despite Boeing working on an update to the controversial software ... the short-term hit is likely to be severe for the company", Russel Group stated.

Both planes reportedly experienced erratic steep climbs and descents as well as fluctuating airspeeds before crashing shortly after takeoff.

The paper also said U.S. FAA followed a standard certification process on the MAX rather than extra inquiries.

Pressure is mounting, with the US Association of Flight Attendants-CWA union urging the FAA to "temporarily ground the 737 Max fleet in the US out of an abundance of caution".

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Experts have questioned the FAA's certification process after learning that American pilots had lodged serious complaints about the system.

Boeing has halted deliveries of its best-selling model that was meant to be the industry standard but is now under a shadow. There were more than 300 MAX airplanes in operation at the time of the Ethiopian crash, and almost 5,000 more on order.

All 157 passengers were killed after Ethiopian Airlines flight ET302 crashed six minutes after take-off from Addis Ababa en route to the Kenyan capital of Nairobi on March 10.

A Washington, D.C. -based grand jury issued "a broad subpoena dated March 11" to at least one person involved in the development of the aircraft, the journal reported, citing people familiar with the matter.

Boeing and the FAA declined to comment on the WSJ report.

Ethiopia is leading the probe, although the black boxes were sent to France and USA experts are also participating.

"It was the same case with the Indonesian (Lion Air) one".

Norwegian Airlines has already said it will seek compensation after grounding its MAX aircraft, and various companies are reconsidering orders.

Boeing shares have fallen 13% since the Ethiopian Airlines crash.

Regulators across the world have banned the Boeing 737 Max from using airports or flying across their airspace due to concerns about passenger safety.