European regulators: 737 Max won't fly again until we approve it

Boeing's 737 Max won't fly in European skies until the Aviation Safety Agency completes an independent review of its flightworthiness, reports Bloomberg, underscoring a loss of confidence in its U.S. counterpart, the Federal Aviation Authority.

"The FAA's status as an undisputed global leader is seen as 'at risk,"' Carter Copeland, an analyst at Melius Research said in a note prior to EASA's comments. "EASA has asserted a strong and independent posture and despite pressures from Max operators in Europe, is expected to move slowly in its efforts to recertify the Max."

The FAA is conducting a Joint Authorities Technical Review, which consists of eight other countries and EASA, that will review the Max's original certification. That work is expected to take three months with initial meetings held in Seattle last week. The U.S. agency has also called for a separate summit of aviation authorities later this month to discuss the FAA's safety analysis of the aircraft that it says will "inform its decision" on allowing the Max back into service.

After two 737 Max jets crashed in similar circumstances, killing hundreds of travelers, the FAA was conspicuously slow to act and it later emerged Boeing was permitted to approve its own work. The U.S. Department of Transportation and Justice Department subsequently opened an investigation into the FAA.