abstract:The Consolidated Aircraft Corporation was founded in 1923 by Reuben H. Fleet in Buffalo, NY, the result of the Gallaudet Aircraft Company's liquidation and Fleet's purchase of designs from the Dayton-Wright Company as the subsidiary was being closed by its parent corporation, General Motors.
Given that European governments still stump up around 30% of the cost of launching new Airbus aircraft, and that it is entirely their own fault that their defence industry has not consolidated, this argument looks a bit rich.