Cathay Pacific settled on until the 1950s. It comes from a meaning "grand and peaceful state" and was at the time often used by other businesses called "Cathay" in English. According to legend, the airline's unique name was conceived by Farrell and some foreign correspondents at the bar of the Manila Hotel, while another narrative was the name was taken in the Cathay Hotel in Shanghai Bund, during drinking and brainstorming, and choosing Cathay was to avoid the word China in the airline name. 25 September, on Cathay Pacific's maiden voyage, de Kantzow and Peter Hoskins flew from Sydney to Hong Kong
Cathay Pacific Cathay Pacific temporarily took over Philippine Airlines's domestic and international operations during its fourteen-day shutdown (from 26 September – 7 October 1998). The airline was hurt by the Asian financial crisis of the late 1990s, but recorded a record HK$5 billion profit in 2000. On Monday, 6 July 1998, at 00:00 HKT, Kai Tak International Airport saw its last commercial departure, Cathay Pacific Flight 251 (a Boeing 747-400) to London Heathrow Airport, after over 73 years of operation. The next day, Cathay Pacific Flight 889 (a Boeing 747-400 from New York John F. Kennedy International Airport piloted by Captain Paul