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 City Hong Kong International Airport. Cathay City has of space and is one of the largest corporate head office facilities in Asia. Cathay City includes three 10-storey office buildings, a 23-storey staff hotel, a flight training centre with a safety training school, a workshop and storage building, a leisure centre, and an airline stores building. The centre has a steel pedestrian bridge. The head office of Air Hong Kong, as of 2004, is located on the fourth floor of the South Tower of Cathay City. In February 2012 FlightSafety International and Gulfstream Aerospace, in a venture with Cathay Pacific, opened a