Jan 15, 2018

Airbus may stop making the A380

The 100th Airbus A380, delivered to Emirates, on display at last year's Dubai Airshow. Photo: Marina Lystseva / TASS via Getty Images

Airbus announced today that it may soon stop producing its superjumbo A380 unless it can find a buyer to fulfill its minimum production numbers, per CNBC. Airbus sales head John Leahy pegged Emirates — the A380's main customer — as "the only one in the marketplace" who might purchase the minimum of six A380s each year.

Why it matters: Though Airbus also stated that it had beaten rival Boeing in 2017 sales, the A380 news indicates a looming market weakness for its flagship plane. Airlines have tended toward smaller, cheaper single-aisle planes in recent years, highlighted by Airbus' $49.5 billion order from the U.S. equity fund Indigo Partners last year.

Go deeper

Rebecca Falconer

Updated 29 mins ago - World

Hong Kong media tycoon Jimmy Lai arrested under national security law

Media tycoon Jimmy Lai at the Next Digital offices in Hong Kong in June. Photo: Anthony Wallace/AFP via Getty Images

Hong Kong pro-democracy activist Jimmy Lai has been arrested for "collusion with foreign powers" and the offices of his newspaper raided, said Mark Simon, an executive at the tycoon's media firm Next Digital on Monday.

Why it matters: He was arrested under the new national security law that gives Beijing more powers over the former British colony. Lai is the most prominent person arrested under the law — which prompted the U.S. to sanction Chinese officials, including Hong Kong leader Carrie Lam, over Beijing's efforts to strip the territory of its autonomy.

Go deeper (1 min. read)

Axios

Updated 39 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

Global: Total confirmed cases as of 1:30 a.m. ET: 19,861,683 — Total deaths: 731,326 — Total recoveries — 12,115,825 — Map.
U.S.: Total confirmed cases as of 1:30 a.m. ET: 5,044,864 — Total deaths: 162,938 — Total recoveries: 1,656,864 — Total tests: 61,792,571 — Map.
Politics: Pelosi says states don't have the funds to comply with Trump's executive order on unemployment — Mnuchin says Trump executive orders were cleared by Justice Department.
States: New York reports lowest rate of positive coronavirus test results since pandemic began
Public health: Ex-FDA head: U.S. will "definitely" see 200,000 to 300,000 virus deaths by end of 2020.
Schools: 97,000 children test positive for coronavirus in two weeks — Nine test positive at Georgia school where photo showing packed hallway went viral .

Go deeper (<1 min. read)

Rebecca Falconer

2 hours ago - Health

97,000 children test positive for coronavirus in two weeks

A boy has his temperature checked as he receives a free COVID-19 test in South Los Angeles in July. Photo: Mario Tama/Getty Images

At least 97,000 children tested positive for COVID-19 in the final two weeks of July and there's been an estimated 338,000 cases involving kids in the U.S. since the pandemic began, a new report finds.

Why it matters: The findings in the report by the American Academy of Pediatrics and the Children’s Hospital Association comes as schools and day cares look to reopen in the U.S., with New York Gov. Andrew Cuomo (D) announcing Friday that school districts in the state can reopen in the fall amid lower coronavirus transmission rates.