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 ceremony in Toulouse, the aircraft was painted in a "100th aircraft" livery with the slogan "100th aircraft", and the slogan in traditional Chinese "進步精神" painted on the rear of the aircraft. The aircraft was named "Progress Hong Kong", a name that was chosen from a competition by the staff. In November 2011, Cathay Pacific received its second 747-8 Freighter (B-LJA) which was painted in the "Hong Kong Trader" livery. The livery was designed to commemorate the topping out of the new Cathay Pacific Cargo Terminal. The name of the livery is taken from Cathay Pacific's very first 747 freighter which