Australia’s Zinc Airlines seeks A$200m (US$143m) to launch ULCC
Former Qantas executive Peter Kelly is seeking to raise A$200 million (US$143.3 million) to launch Zinc Airlines, an ultra-low-cost carrier modeled on a Ryanair-style approach, according to Australian media reports. The funding effort targets a new ULCC entry intended to compete on cost and structured value offers.