FAA clears Boeing 737 Max 7, the smallest model, to fly after nearly a decade of delays; Boeing stock rises over 5%
The Federal Aviation Administration (FAA) certified the Boeing 737 Max 7 on Monday, marking the end of nearly a decade of delays for the smallest aircraft in the best-selling 737 Max family. The approval follows years of work to resolve complex technical issues and incorporate key improvements, including updates to flight-control software, the flightcrew alerting system, and a redesigned engine anti-ice system. Boeing's stock rose over 5% in afternoon trading following the news. The certification was delayed due to increased regulatory scrutiny after the fatal Max 8 crashes in 2018 and 2019, as well as other safety and manufacturing crises.
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