CITIC Pacific
In January 1990, Cathay Pacific, Swire Group and CITIC Pacific acquired an 89 per cent stake in the airline, with CITIC Pacific holding 38 per cent; while the family of the airline's chairman Kuang-Piu Chao reduced their holding from 22 per cent to 6 per cent, with the remainder held by minor shareholders. The change of ownership saw Cathay Pacific transferring its Beijing and Shanghai routes to Dragonair, along with a Lockheed L-1011 TriStar on a lease basis. The first Airbus A320 joined the airline's fleet in March 1993 and by December, there was a total of six A320 aircraft. This was followed by the introduction of the Airbus A330 into the Dragonair's fleet in July 1995.