Bloomberg Deutsche Lufthansa AG has about 10 billion euros ($11 billion) more debt because of the coronavirus pandemic, according to CEO Carsten Spohr. “That’s the price tag,” Spohr said in an interview with newspaper Schweiz am Wochenende. “It was expensive.” The German carrier hopes that its Swiss airline will pay back its pandemic-related government-backed loans by the end of the ...

Bloomberg The Dutch advertising watchdog ruled that a KLM promotion telling customers they could fly carbon-emission free is misleading. The ad’s tag line, “Be a hero, fly CO2 zero,” is an absolute claim, the Dutch Advertising Code Committee said in a verdict seen by Bloomberg. As such, the company has the burden of proving the statement and didn’t meet that ...

  Bloomberg The US issued orders suspending Aeroflot PJSC, Russia’s biggest airline, and two others from receiving US parts and services for their planes, a step that officials expect over time will limit their ability to fly. The denial orders for Aeroflot, Azur Air, and UTair Aviation PJSC announced by the Commerce Department mark the first enforcement action for violation ...