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 his "Book on the Administration of the State", apparently as two separate countries (presumably, referring to the Liao and Song Empires, respectively). The name's currency in the Muslim world survived the replacement of the Khitan Liao dynasty with the Jurchen Jin dynasty in the early 12th century. When describing the fall of the Jin Empire to the Mongols (1234), Persian history described the conquered country as "Khitāy" or "Djerdaj Khitāy" (i.e., "Jurchen Cathay"). The Mongols themselves, in their "Secret History" (13th century) talk of both Khitans and Kara-Khitans. In about 1340 Francesco Balducci Pegolotti, a merchant from Florence, compiled the