Federal regulators are reportedly preparing to ease restrictions on Boeing Co. (NYSE: BA) by restoring some authority to perform final safety checks on its aircraft, signaling relief for the manufacturer's strained delivery process.

The Federal Aviation Administration (FAA) is expected to allow Boeing employees to resume phased authority for safety sign-offs on 737 MAX jets, The Wall Street Journal reported.

FAA inspectors would still issue final airworthiness certificates, while focusing more on monitoring production quality.

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The agency tightened oversight in 2019 after two fatal 737 MAX crashes and later revoked similar authority ...