IATA Code: CX
ICAO Code: CPA
Known As: Cathay Pacific Airways
Full Name: Cathay Pacific Airways Ltd.
Country: China
Hubs: Hong Kong
Callsign: Cathay
Web Site: www.cathaypacific.com
History: Cathay Pacific Airways was founded in Shanghai on September 24, 1946 with the airline's maiden voyage from Hong Kong to Manila, and later on Shanghai with the company's single Douglas C-47. In 1948 Butterfield & Swire bought 45% of Cathay Pacific, with Australian National Airways taking 35% and founders Farrell and de Kantzow taking 10% each. The new company began operations on 1 July 1948 and was registered as Cathay Pacific Airways Ltd on 18 October 1948. Swire later acquired 52% of Cathay Pacific and the airline is still part of the Swire Group through Swire Pacific. The airline expanded in the 1960s, acquiring Hong Kong Airways in 1959, purchasing its first jet powered aircraft, the Convair 880, and beginning international routes to Japan. Expansion continued through the 1980s, with service to Euorpe added. Cathay Pacific went public in 1986 and in January 1990, Cathay Pacific acquired a 35% share in Dragonair, and a 60% share in cargo airline Air Hong Kong. In 1996 the Chinese CITIC bought a 25% stake in Cathay Pacific. The Swire Group holding was reduced to 44% as two other Chinese entities, CNAC and CTS acquired holdings. In September 1998 Cathay Pacific became a founder member of the oneworld alliance. In 2006 Cathay acquired Dragonair, with that company's brand to be replaced Cathay's in 2007.
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