Why do you think the four European governments agreed to subsidize the establishment of Airbus?

The four European governments agreed to subsidize the establishment of Airbus to create a competitive alternative to established American aircraft manufacturers like Boeing. By pooling resources and expertise, they aimed to enhance Europe's aerospace capabilities and foster economic growth within their regions. Additionally, the collaboration allowed them to share risks associated with high capital costs and lengthy development timelines in the aerospace industry. Ultimately, it was a strategic move to strengthen their position in the global aviation market.