Cathay Pacific Airways Ltd is one of few global carriers with strong exposure to the booming mainland market via its 20% stake in Air China. The company employs a dual-brand strategy (Cathay Pacific and DragonAir), with the former mainly serving the long-haul global market, and the latter a regional short-haul budget carrier. On the cargo front, Cathay operates Hong Kong's only dedicated freight airline--Air Hong Kong--and holds a 49% share in Air China Cargo.