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| Topic: |
Business
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| Number of pages / Number of words: |
13 / 3597 |
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These companies were virtually the sole suppliers in the worldwide commercial jetliner market and the barriers to entry faced by new competitors were huge. In response to these conditions in the marketplace, the governments of Europe granted substantial subsidies to Airbus. These subsidies were largely in the form of loans to pay for development costs...
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These subsidies were largely in the form of loans to pay for development costs. The governments argued that they were nurturing an infant industry, and that the subsidies were therefore warranted. The governmental support helped Airbus gain a foothold, and by the 1980s
Airbus was competing effectively with U...
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