Boeing (BA) has received the US Federal Aviation Administration's clearance for its 737 Max 7, paving the way for the model's launch after nearly a decade of regulatory review.
Preparations are underway for the delivery of the first 737 Max-7 jet -- the smallest variant of the planemaker's best-selling category -- to Southwest Airlines (LUV), Boeing said Monday.
Last week, Boeing announced the completion of certification flight testing for both the 737-7 and 737-10 models, and that it expected the first deliveries for both variants next year.
Shares of Boeing were 7.8% higher in Monday afternoon trade.
The testing process began in 2018.
Fatal crashes involving the Max 8 in 2018 and 2019, safety issues and the redesign of an engine anti-icing system delayed the certification process, according to a CNBC report.
"Our team of dedicated engineers and test experts worked through challenges, an extended pandemic, and the transition to new certification processes," Stephanie Pope, chief executive of Boeing Commercial Airplanes, said in a statement.
Separately, the FAA said it issued an amended "type certificate" for the aircraft's compliance with all applicable design and safety requirements, allowing Boeing to begin production of the 737-7 model.
"The approval reflects years of sustained work to resolve complex technical issues and complete a thorough review of the airplane's design and supporting safety analyses," the FAA said.
The FAA said its safety inspectors will continue to monitor Boeing's production process.
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