Regulator admits 'mistake' over 737 Max aircraft crashes

Analysts predicted more than a dozen crashes could occur - or roughly one every two or three years.

Despite this, the Federal Aviation Administration (FAA) did not ground the aircraft until after a second crash five months later.

FAA chief Steve Dickson said the agency had made a mistake in its oversight.

The FAA risk assessment was revealed during a congressional hearing on Wednesday. Lawmakers are investigating Boeing following fatal 737 Max crashes in Indonesia and Ethiopia, which together killed 346 people.

Single-engine plane crashes into ocean off New Jersey coast

The Federal Aviation Administration (FAA) says the plane departed from Gaylord, Michigan, earlier Thursday and was headed to Atlantic City International Airport.

The FAA says the Mooney M20 crashed at around 2:45 p.m. A Coast Guard spokesman says a debris field has been found 17 miles off the coast of Atlantic City.

The Coast Guard is searching for the plane, along with boat crews and a helicopter crew.