The Federal Aviation Administration granted certification to Boeing's smallest passenger jet on Monday, a major milestone for the planemaker that comes after more than four years of delays.

The 737 MAX 7 is the shortest variant of Boeing's workhorse narrow-body jet, capable of carrying between 135 and 160 passengers in a normal commercial configuration. (It can seat up to 172 people in a high-density setting.)

However, it has the longest range in the 737 MAX family: up to 4,300 miles. Coupled with a relatively low per-seat operating cost thanks to the plane's efficient engines, this can allow airlines to use the jet on longer, "thinner" routes that lack sufficient demand to support a larger wide-body plane.

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