MIAMI – Today in Aviation, Airbus Industrie was formally established as a Groupement d’Intérêt Économique (Economic Interest Group or GIE) in 1970. It was created by a government initiative that originated in 1967 between France, West Germany and the UK.
In the 50s and 60s, although many European aircraft were revolutionary in their own right, production was limited for European air-framers. On the other side of the pond, things looked different for American aircraft manufacturers. There were three main reasons why the US was ahead.
First, Boeing, McDonnell Douglas, and Lockheed had benefitted from the sheer size of the US, which helped read more ⇒
Source:: “Airways Magazine”