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 Cathay City Cathay City () is the headquarters of Cathay Pacific, Hong Kong's flag-carrying airline. It is located at Hong Kong International Airport. The airline built Cathay City so that all central employees could work in one location. The headquarters opened in 1998. The topping out ceremony was held on February 17, 1998. Cathay City was scheduled to be built in increments between April and September 1998. It was scheduled to open in July, when Hong Kong International Airport at Chek Lap Kok was to open. It was scheduled to have over 3,000 employees. The airline's move to the centre