Bloomberg Spirit Airlines Inc will hold talks with JetBlue Airways Corp over its $3.6 billion cash takeover bid that’s threatening to disrupt a pending combination between Spirit and rival deep discounter Frontier Group Holdings Inc. JetBlue’s offer could lead to a superior proposal, Spirit said in a statement after assessing the bid with financial and legal advisers. JetBlue’s unsolicited ...

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 ...