U.S. aviation officials are looking at ways to reduce greenhouse gas emissions and improve fuel efficiency ahead of environmental regulations by the government. The European Union is drafting a schedule of emissions fees on commercial and other aircraft that will be implemented by 2012. "If the U.S. and EU lead, and I anticipate the Obama administration will want the U.S. to lead, it will be very challenging for the U.S. aviation industry," said Peter Bunce, president of the General Aviation Manufacturers Association.

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