Why do you think the 4 European government agreed to subsidize the establishment of Airbus?

The four European governments agreed to subsidize the establishment of Airbus to strengthen their aerospace industry and compete more effectively against established American companies like Boeing. By pooling resources and expertise, they aimed to create a viable alternative in the global market, fostering innovation and job creation within Europe. Additionally, the subsidies helped mitigate the significant financial risks associated with developing new aircraft technologies. Ultimately, this collaboration sought to enhance European economic sovereignty in the aerospace sector.