German Freight Billionaire Kuehne Doubles Stake in Lufthansa
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German billionaire Klaus-Michael Kuehne has doubled his stake in his country’s flagship airline Deutsche Lufthansa AG, cementing his position as the carrier’s second-largest shareholder behind the government.
KA Logistik Beteiligungen GmbH, controlled by the the 84-year-old Kuehne, doubled its stake in Lufthansa to 10.01% on April 8, according to a filing Monday. The investor plans to be a “long-term, stable and reliable partner” for Lufthansa, Kuehne Holding said in a statement Monday.