Cathay Pacific and became a successful businessman. Swire later acquired 52% of Cathay Pacific Airways. , the airline is still 45% owned by Swire Group through its subsidiary Swire Pacific Limited, as the largest shareholder. However, Swire Group also formed a shareholders' agreement with the second largest shareholder Air China (which was controlled by state-owned China National Aviation Holding), which Cathay Pacific and Air China had a cross ownership. In the late 1940s, the Hong Kong government divided the local aviation market between Cathay Pacific and its only local competitor, the Jardine Matheson-owned Hong Kong Airways: Cathay Pacific was allocated routes to
Cathay Organisation the Youth Hostels Association Singapore, YHA(S), which is an associate organisation of the International Youth Hostel Federation (IYHF). In a collaboration with F & N Coca-Cola Singapore, the Coke Red Lounge, the first of its kind outside of the USA, opened at Cathay Cineplex Cinelesiure Orchard. In July, Cathay Cineplex Cineleisure Orchard emerged tops in 10 of the 12 categories in The New Paper poll for best seats, best popcorn, best sound etc. Cathay Cineplexes Sdn Bhd's fourth Mega Pavilion Cinemas in Malaysia was opened in Kota Kinabalu, the capital city of Sabah. That same year, Cathay opened the largest