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 Pacific fleet in the car park outside the Flight Training Center of Cathay City. <br> Cathay Pacific fleet Cathay Pacific operates an all-wide-body fleet composed of Airbus A330, Airbus A350 XWB and Boeing 777 aircraft. As of December 2018, the Cathay Pacific passenger fleet comprises the following aircraft: As of December 2017, the Cathay Pacific Cargo fleet comprises the following aircraft: Cathay Pacific Cargo operates to more than 40 destinations around the world, in addition to utilising the cargo space on the passenger aircraft. The cargo subsidiary was established in 1981 with a twice-a-week Hong Kong–Frankfurt–London service operated jointly with Lufthansa. Cathay