I don't remember precisely, since it's been a while, but it goes something like this:
The explanation is that there's a kind of slightly corrosive vapor that occurs naturally, emerging from the ground and possibly a by-product of Mist. This is harmless to living things, and doesn't affect metal or structures, but in the long-term it plays hell with machinery of any kind. It only appears at low altitudes, though, so airships are virtually immune.