Italian Shipping Magnate Gianluigi Aponte Wants to Move Into Aviation

Gianluigi Aponte, founder and chair of family-owned Mediterranean Shipping Co. (MSC), world's largest container ship line with 570 vessels, is joining Deutsche Lufthansa in a bid to acquire ITA Airways, successor to Italy's historically unprofitable Alitalia. Sitting on a huge cash pile from a sea shipment boom that seems never-ending, Aponte sees ITA, if re-tooled as an LCC with deep cargo expertise, as a ripe investment target. (www.bloombergquint.com) Plus d'info...