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===1990β2000: Rebranding, renewal, and Oneworld=== In January 1990, Cathay Pacific and its parent company, [[Swire Pacific]], acquired a significant shareholding in [[Dragonair]], and a 75% stake in cargo airline [[Air Hong Kong]] in 1994.<ref>{{Cite web|url=https://www.latimes.com/archives/la-xpm-1990-01-17-fi-356-story.html|title=Cathay Pacific Acquires 35% of Rival Dragonair|date=17 January 1990|website=Los Angeles Times|language=en|access-date=28 January 2020|archive-date=22 October 2020|archive-url=https://web.archive.org/web/20201022215406/https://www.latimes.com/archives/la-xpm-1990-01-17-fi-356-story.html|url-status=live}}</ref> In 1994, the airline launched a program to upgrade its passenger service, including a HK$23 million program to update its image. Its logo was updated in 1994, and again in 2014.<ref>{{Cite web|url=https://airwaysmag.com/airlines/cathay-pacific-unveils-new-branding/|title=Cathay Pacific Unveils New Branding|date=6 November 2014|website=Airways Magazine|language=en|access-date=28 January 2020|archive-date=22 October 2020|archive-url=https://web.archive.org/web/20201022182928/https://airwaysmag.com/airlines/cathay-pacific-unveils-new-branding/|url-status=dead}}</ref> The airline began a fleet replacement program in the mid 1990s, which cost a total of US$9 billion.<ref>{{Cite web|url=https://airlinefiles.com/eva-air/101-international-airlines/622-cathay-pacific-2?showall=1&limitstart=|title=Cathay Pacific Files β airlinefiles|website=airlinefiles.com|access-date=28 January 2020|archive-date=29 October 2020|archive-url=https://web.archive.org/web/20201029172133/https://airlinefiles.com/eva-air/101-international-airlines/622-cathay-pacific-2?showall=1&limitstart=|url-status=usurped}}</ref> In 1996, [[CITIC Pacific]] increased its holdings in Cathay Pacific from 10% to 25%, and two other Chinese companies, [[China National Aviation Holding|CNAC(G)]] and CTS, also bought substantial holdings, while the Swire Group holding was reduced to 44%.<ref>{{cite web|url=http://downloads.cathaypacific.com/cx/investor/annualreports/1998_annual-report_en.pdf|title=Cathay Pacific Annual Report 1998|access-date=22 May 2019|archive-date=29 October 2020|archive-url=https://web.archive.org/web/20201029214809/http://downloads.cathaypacific.com/cx/investor/annualreports/1998_annual-report_en.pdf|url-status=dead}}</ref> According to the ''International Directory of Company Histories'', the sale of a 12.5% stake of Cathay Pacific by Swire Pacific to a Chinese state-owned company was regarded <!--quote start--> "as evidence of China's sincerity in maintaining the prosperity of Hong Kong."<ref name="1988book"/> In 1997, Cathay Pacific updated the registration numbers and flags on its fleet in conjunction with the [[handover of Hong Kong]] from the United Kingdom to China.<ref>{{cite web|url=http://www.airliners.net/photo/Cathay-Pacific-Airways/Boeing-747-267B/0000646/L/|title=Cathay Pacific β Picture of the Boeing 747-267B aircraft at Vancouver|publisher=Airliners.net|access-date=24 May 2009|archive-date=7 November 2012|archive-url=https://web.archive.org/web/20121107084502/http://www.airliners.net/photo/Cathay-Pacific-Airways/Boeing-747-267B/0000646/L/|url-status=live}}</ref><ref>{{cite web|url=http://www.airliners.net/photo/Cathay-Pacific-Airways/Boeing-747-267B/0815216/L/|publisher=Airliners.net|title=Cathay Pacific β Picture of the Boeing 747-267B aircraft at Hong Kong|access-date=24 May 2009|archive-date=7 November 2012|archive-url=https://web.archive.org/web/20121107084509/http://www.airliners.net/photo/Cathay-Pacific-Airways/Boeing-747-267B/0815216/L/|url-status=live}}</ref> On 21 May 1998, Cathay Pacific took the first delivery of the [[Boeing 777-300]] at a ceremony in [[Paine Field|Everett]].<ref>{{Cite web|url=http://www.planetairlines.net/cathay-pacific.html|title=Planet Airlines β Cathay Pacific|website=Planetairlines.net|access-date=28 January 2020|archive-date=28 January 2020|archive-url=https://web.archive.org/web/20200128172041/https://www.planetairlines.net/cathay-pacific.html|url-status=live}}</ref> On 21 September 1998, Cathay Pacific, together with [[American Airlines]], [[British Airways]], [[Canadian Airlines]], and [[Qantas]], co-founded [[Oneworld]] airline alliance.<ref name=OW>{{cite web|url=https://www.cathaypacific.com/cx/en_HK/about-us/press-room/fact-sheet.html|title=Fact Sheet β oneworld|publisher=Cathay Pacific|access-date=23 December 2016|archive-url=https://web.archive.org/web/20161209132322/http://www.cathaypacific.com/cx/en_HK/about-us/press-room/fact-sheet.html|archive-date=9 December 2016|url-status=dead}}</ref><ref>{{cite news|last1=Brady|first1=Diane|title=Cathay's Alliance Poses Threat To Rivals Among Asian Airlines|url=https://www.wsj.com/articles/SB906412939881935000|access-date=23 December 2016|newspaper=[[Wall Street Journal]]|date=22 September 1998|archive-date=29 November 2020|archive-url=https://web.archive.org/web/20201129113909/https://www.wsj.com/articles/SB906412939881935000|url-status=live}}</ref> Cathay Pacific temporarily took over the domestic and international operations of [[Philippine Airlines]] during its two-week shutdown from 26 September to 7 October 1998.<ref>{{cite news |url=https://www.nytimes.com/1998/09/26/business/international-briefs-cathay-pacific-to-run-philippine-airlines.html |title=Cathay Pacific to Run Philippine Airlines' |newspaper=New York Times |date=26 September 1998 |access-date=24 April 2013 |archive-date=8 September 2020 |archive-url=https://web.archive.org/web/20200908052601/https://www.nytimes.com/1998/09/26/business/international-briefs-cathay-pacific-to-run-philippine-airlines.html |url-status=live }}</ref> The airline was hurt by the [[Asian financial crisis]] of the late 1990s, but recorded a record [[HK$]]5 billion profit in 2000.<ref>{{Cite web |date=March 7, 2001 |title=Annual Report 2000 |url=https://www.cathaypacific.com/content/dam/cx/about-us/investor-relations/interim-annual-reports/en/2000_annual-report_en.pdf |url-status=live |access-date=December 6, 2022 |website=Cathay Pacific Airways, Ltd. |archive-date=28 January 2022 |archive-url=https://web.archive.org/web/20220128165243/https://www.cathaypacific.com/content/dam/cx/about-us/investor-relations/interim-annual-reports/en/2000_annual-report_en.pdf }}</ref> ====Transfer to Chek Lap Kok and transpolar flights==== On 5 July 1998, Cathay Pacific operated its last flight from [[Kai Tak Airport|Kai Tak International Airport]] to [[London Heathrow Airport]], with the former airport ceasing operations after more than 73 years of operation. The next day, Cathay Pacific began flights from [[John F. Kennedy International Airport|New York John F. Kennedy International Airport]] to the new [[Hong Kong International Airport|Hong Kong-Chek Lap Kok International Airport]]. This flight was also the world's first [[Non-stop flight|nonstop]] [[Polar route|transpolar]] flight from New York to Hong Kong.<ref>{{Cite web|url=https://www.cntraveler.com/story/why-airplanes-sometimes-fly-over-the-north-pole|title=You Might Have Flown Over the North Pole and Not Even Known It|last=Drescher|first=Cynthia|website=CondΓ© Nast Traveler|date=17 May 2017|language=en|access-date=28 January 2020|archive-date=12 November 2020|archive-url=https://web.archive.org/web/20201112013047/https://www.cntraveler.com/story/why-airplanes-sometimes-fly-over-the-north-pole|url-status=live}}</ref>
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