Cathay Pacific
In the mid 90s, Cathay Pacific began a fleet replacement, which had a total cost of US$9 billion. On the 21st of May 1998, Cathay Pacific took the first delivery of the Boeing 777-300. On 21 September 1998, Cathay Pacific, together with American Airlines, British Airways, Canadian Airlines, and Qantas, co-founded Oneworld airline alliance. Cathay Pacific recorded a record HK$5 billion profit in 2000.