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 World Cup, Premier League and Champions League matches, awards ceremonies like the Oscars and Golden Globes and even local entertainment events like Singapore Idol. With these 3 new screens, Cathay Cineplexes Cineleisure Orchard had largest number of screens under one roof. On 23 March, redeveloped Cathay building, now known as The Cathay, hosted a private party to over 1,000 invited guests to mark its opening. The Cathay opened to the public the next day with 8 cinema halls, including The Grand Cathay & The Picturehouse. The Cathay also features retails and food and beverage outlets. Opening in the second phase