Hong Kong Dragon Airlines Ltd., better known as Dragonair, is Hong Kong's second largest airline. Founded in the mid-1980s as a charter operator, the airline has evolved from an independent startup to a well-connected regional force. Dragonair flies a young fleet of Airbus jets to about 30 destinations in Asia. More than three million people fly the airline every year. Its cargo operations extend as far as Europe and the Middle East. China National Aviation Company Ltd. (CNAC) is the company's largest shareholder (43.29 percent). CITIC Pacific Ltd. (28.50 percent), Cathay Pacific Airways Ltd. (17.79 percent), and Swire Pacific Ltd. (7.71 percent) also have significant holdings.