Vietnam's leading low-cost airline, VietJetAir, has secured a loan agreement with BNP Paribas bank to purchase three new aircraft in 2014.

A VietJetAir spokesperson, did not disclose the value of the contract on December 23, but said the first three Airbus orders to be delivered in 2014 will cost 258 million USD.

This is the airline's next step in realising an agreement with Airbus to purchase 100 planes, which was signed on May 9, 2013, he said.

The agreement aims to meet VietJetAir's vision for building the most modern fleet in the region and becoming a multi-national airline.

BNP Paribas is one of the leading financial providers for the aviation industry, serving 128 airlines and aircraft leasing companies throughout the world.-VNA