“Find the niche and fill it” is a venerable maxim and one Butler National

Back when two-way radios the size of bricks were the closest things to cell phones, and beepers the equivalent of texting, a 20-something manager of a General Motors chassis line in Montreal ducked out of work to run an errand. As luck would have it, a glitch shut down the auto line just as he reached the checkout counter. Suddenly, a gargantuan belt strapped around his waist came to life, with two beepers shrieking and flashing and the radio squawking.

“Find the niche and fill it” is a venerable maxim and one Butler National

European Union emission allowance (EUA) prices sank to €6.95 per metric ton ($9.08 per metric ton) on Dec. 14, 2011, a new low for the 2008-12 Phase II of the EU Emissions Trading System. The price weakness in November and December reflected ongoing troubles in the EU economy as several member-state governments struggle to deal with sovereign debt problems.

One year ago, with a newly elected Republican-majority House of Representatives, Rep. John Mica picked up the gavel of the House Transportation and Infrastructure Committee and vowed that the 17th extension of the FAA's funding authority would be the last. Congress has since approved five more extensions, with Mica at the forefront of negotiations that led to a two-week shutdown of the aviation agency.

Jetstar still has some unfinished business to deal with in Southeast Asia, but in the future will increasingly be honing in on Northeast Asia, with Jetstar Japan as a key part of that strategy. This joint venture among Japan Airlines, Mitsubishi Corp. and Jetstar's parent Qantas group will be based at Tokyo Narita International Airport and will initially have a fleet of three Airbus A320s. The overall plan calls for 24 aircraft within a few years.

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European Court of Justice threw its weight behind the EU legislation after the U.S. and Canada sued with IATA support.