Cathay Pacific is reciprocally one of the major shareholders of Air China. On 6 November 2017, Qatar Airways acquired a 9.6% shareholding of Cathay Pacific, becoming its 3rd largest shareholder. Cathay Pacific is the world's tenth largest airline measured in terms of sales, and fourteenth largest measured in terms of market capitalisation. In 2010, Cathay Pacific became the world's largest international cargo airline, along with main hub Hong Kong International Airport as the world's busiest airport in terms of cargo traffic. It is one of the founding members of the Oneworld alliance. Cathay Pacific's subsidiary Cathay Dragon is an affiliate member of
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