VietJet Air will contribute capital to joint ventures with three Asian airlines in 2014, the private carrier’s managing director Luu Duc Khanh told Tuoi Tre.

Khanh said VJA has a policy to become a multinational company, and has planned to develop its joint ventures with international airlines.

The company will enter joint ventures with Thailand’s Kan Air, Myanmar Airlines and a Northeast Asian airline next year, Khanh said.

VJA made national headlines last week after announcing a deal in which it will buy as many as 92 Airbus aircrafts in the next eight years.

The US$9 billion order was signed in Paris last Wednesday.

Khanh said the plan will be funded from VJA’s own capital, plus bank loans, bonds, and money it expects to earn from the IPO (initial public offering).

The largest loan will be from the European export credit policy, which assists aircraft buyers, he added.

According to the plan, in the next eight years, VJA will need to buy at least 10 aircrafts annually. These new airplanes will serve its development plans for offering charter flights and the aforementioned joint ventures.