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 de Grande as "The most dangerous club in America". Due to problems with neighbors, violence caused in part by punk gangs such as the LADS gang, Suicidal Tendencies, FFF and HRP, and legal problems related to business conflicts, the Cathay de Grande closed in 1985 with Violent Psychosis, The Mentors with El Duce and Circle Jerks performing the farewell show. Shortly before, Danny "Dobbs" Wilson, the booker at the Cathay de Grande, started Raji's a block to the north on Hollywood Boulevard. In 1983, The Mentors released an album entitled "Live at the Whisky A Go-Go/Cathay De Grande"" which consisted of two