The Boeing Business Jet - or BBJ - is a long range capacity corporate jet development of the 737-700 and -800. Boeing Business Jets is a joint venture formed by Boeing and General Electric in July 1996 to develop and market a corporate version of the popular 737 airliners, initially focusing on the 737-700. The first BBJ rolled out from Boeing's Renton plant on August 11 1998 and had its maiden flight on the 4th of September the same year. On October 30 the US FAA awarded certification to the developed 737-700 airframe on which the BBJ is based. The first completed BBJ was delivered on September 4 1999.

On December 7, 1986, the first 737-700 rolled out and was granted certification in November 1997.  It entered service with the Southwest Airlines the following month.  The 737-700 has a flightcrew of two and has a seating capacity of 126 in two classes or 149 in a single class.  It incorporates two CFM56-7B20 engines.  By October 2002, there were 883 737-700 ordered and deliveries of 465.