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FAA gives approval to Boeing's 737 Max 7

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Boeing's 737 Max 7 airplane has been given approval by the Federal Aviation Administration.

The certification process has been more stringent after two fatal Max 8 crashes in 2018 and 2019. Scrutiny also has picked up after a January 2024 mid-air cabin panel blowout, according to Reuters.

Boeing's shares were up 6.7% on the day following the release of the news.

Read more from Reuters.

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