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 Organisation PDA ticketing system in November 2004 for its cineplexes in Singapore. Cathay hosted and organised the first Malaysian Film Festival in Singapore showcasing cutting edge Malaysian-made films to the Singapore audience. Received with much enthusiasm and support, this festival continues to be on Cathay's annual calendar of events. Cathay-Keris Films formed a joint venture with Prime Movies International. The joint venture company, Cathay Prima Pte Ltd, was a collaboration to develop and produce theatrical and television films and series, including titles from cathay-Keris' classic film library. In 2005, hangout @ mt emily becomes a licensed Hostelling International (HI) operator for