VietJet to Suspend Flights to China Feb. 1 Due to Coronavirus

(Bloomberg) -- Vietnam’s budget carrier VietJet Aviation JSC will suspend all of its fights to China February 1 amid the novel coronavirus outbreak, the airline said in an emailed statement.

The carrier’s announcement comes after Prime Minister Nguyen Xuan Phuc ordered a suspension of visas for Chinese tourists and cautioned Vietnamese against cross-border trade and travel.

Shares of VietJet tumbled by the daily limit of 7% as of 2:40 p.m. in Ho Chi Minh City trading, the biggest decline since May 2018.

To contact the reporter on this story: Nguyen Dieu Tu Uyen in Hanoi at uyen1@bloomberg.net

To contact the editor responsible for this story: John Boudreau at jboudreau3@bloomberg.net

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