SAN FRANCISCO, Sept. 16 (Xinhua) -- Boeing on Wednesday issued a statement on the U.S. House Committee on Transportation and Infrastructure (House T&I Committee) Report on 737 MAX, saying that the company has incorporated many recommendations, as well as the results of its own internal reviews, into the 737 MAX and the overall airplane design process after two fatal crashes.

The report concluded the committee's 18-month investigation of the design, development and certification of the 737 MAX aircraft, and related matters.

According to the report, the investigation has revealed multiple missed opportunities that could have turned the trajectory of the MAX's design and development toward a safer course due to flawed technical design criteria, faulty assumptions about pilot response times, and production pressures.

The revised design of the MAX has received intensive internal and regulatory review, including more than 375,000 engineering and test hours and 1,300 test flights, Boeing confirmed in the statement.

Boeing said it has learned many hard lessons as a company from the accidents of Lion Air Flight 610 and Ethiopian Airlines Flight 302, and from the mistakes it has made.

Once the Federal Aviation Administration (FAA) and other regulators have determined the MAX can safely return to service, it will be one of the most thoroughly scrutinized aircraft in history, the company noted.

"We have set up a new safety organization to enhance and standardize safety practices, restructured our engineering organization to give engineers a stronger voice and a more direct line to share concerns with top management, created a permanent Aerospace Safety Committee of our Board of Directors as well as expanded the role of the Safety Promotion Center," the company said.

The House T&I Committee report said that the FAA also missed its own opportunities to change the direction of the 737 MAX based on its aviation safety mission. Boeing failed in its design and development of the MAX, and the FAA failed in its oversight of Boeing and its certification of the aircraft.

"The fact that a compliant airplane suffered from two deadly crashes in less than five months is clear evidence that the current regulatory system is fundamentally flawed and needs to be repaired," it said.