Boeing Notches Regulatory Milestone for Factories

Dow Jones03:04

Boeing shares edged higher after the plane maker won back the authority to perform final safety sign-offs on its newly produced 737 MAX and 787 Dreamliner jets.

Starting next week, Boeing employees, working on behalf of the Federal Aviation Administration, can issue airworthiness certificates, which airlines need before using the aircraft to fly passengers. Boeing had lost the privilege after a series of safety and quality problems.

The FAA said Friday its decision followed months of "thorough data and safety review demonstrating consistent production quality and reflects the FAA's confidence in Boeing's ability" to resume the practice under agency oversight. The Wall Street Journal previously reported the FAA would soon return so-called ticketing authority for new 737s.

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