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the airline went public and was listed in the Main Board of the Hong Kong Stock Exchange (SEHK: 0293). 1990s: Rebranding, renewal, and Oneworld In January 1990, Cathay Pacific and Swire Pacific, acquired a significant shareholding in Dragonair, and a 75% stake in cargo airline Air Hong Kong in 1994. In 1996, CITIC Pacific increased its holdings in Cathay Pacific from 10% to 25%, while the Swire Group holding was reduced to 44%. CNAC and CTS took substantial holdings as well. On 21 September 1998, Cathay Pacific joined to Oneworld airline alliance with the other three Airlines. 2000s: Acquisition of Dragonair On 28 September 2006, Dragonair became a wholly owned subsidiary of Cathay Pacific after completion of a major shareholding realignment involving Cathay Pacific, Air China, CNAC, CITIC Pacific and Swire Pacific and it would continue to operate as a separate airline within the Cathay Pacific group, maintaining its own Air Operator's Certificate and the brand until in January 2016, Cathay Pacific announced it was rebranding Dragonair as “Cathay Dragon.”2.2 Business and Services Cathay Pacific's main business and service is the operation of the regular aviation business, air cargo, aviation catering and aircraft processing, its subsidiaries, including Dragonair and Air China PASSENGER SERVICES: Passenger services for Cathay Pacific and Dragonair can be divided by region, the airlines are mostly covered: India, the Middle East, Pakistan and Sri Lanka, Southwest Pacific and South Africa, Southeast Asia, Europe, North Asia and North America. CARGO SERVICES: Cathay Pacific's long-haul freight services began in 1981, currently its cargo service covers 44 destinations worldwide. The services include: Wine LIFT、Pharma LIFT、Priority LIFT、DG LIFT、Fresh LIFT、Live Animal LIFT、Secure LIFT、Courier LIFT and Expert LIFT。Recently, Cathay Pacific Airways, together with Japan Air Cargo, Qantas Airways and Singapore Air Cargo,
CATHAY PACIFIC 3 launched a new Internet freight platform, Ezycargo, committing to global electronic freight together. 2.3 Industry –aviation Hong Kong's aviation industry is still in a leading position in Asia. On the airport, Chek Lap Kok freight throughput first, the passenger has long been the first five; on the airlines, Cathay Pacific many years of award-winning, international destinations is the largest in China. However, behind the scenes, aviation industry in HK still faces fierce competition from the three major rivals (Singapore Airlines, Etihad Airways, Asiana Airlines) in the region. Under the fierce competition, the profits are thin and the risk of losing the status of one of the most important hubs. 2.4 Recent performance GROUP FINANCIAL STATISTICS 2016 (six months ended 30thJune) 2015 Change ResultsRevenue HK$ million 45,683 50,388 -9.3% Profit attributable to the shareholders HK$ million of Cathay Pacific 353 1,972 -82,1% Earnings per share HK cents 9.0 50.1 -82.0% Dividend per share HK$ 0.05 0.26 -80.8% Profit margin %0.8 3.9 -3.1pt The Cathay Pacific Group reported a profit attributable to the shareholder of HK$ 353