NEW AIRLINE - Zinc (Australia) plans to raise US$145 million to launch a ULCC out of Western Sydney International with A321neo aircraft.

Founded by former Qantas executive Peter Kelly, the startup aims to model its operations after the European airline Ryanair.

The airline plans to operate from Western Sydney International Airport, focusing on underserved or underutilized regional and domestic routes.

Zinc would initially fly between Sydney, Melbourne, and Brisbane, before potentially expanding to the Gold Coast, with a fleet composed exclusively of Airbus A321neo aircraft.