Nearly two years ago, at age 51, Brian Murray took early retirement from US Airways. The pilot was outraged by the airline's termination of his pension plan and worried about his future with a carrier sliding toward bankruptcy court for the second time.
But Capt. Murray's flying career was far from over. Today he lives in Dubai and flies wide-body Airbus A330s for fast-growing Emirates Airlines, winging to exotic destinations in Europe, Africa and Asia. He's home more than he ever was at US Airways, and his total compensation package -- including health care, housing allowance, retirement plan and vacation -- is superior. He says his wife and children enjoy living in the United Arab Emirates, and "from a professional standpoint, it couldn't be better."
In a new twist on global outsourcing, a flock of U.S. pilots is fleeing the depressed North American airline industry to work in far reaches of the world where aviation is booming. After the 2001 terrorist attacks stifled air travel and sent the U.S. industry into its deepest decline ever, more than 10,000 U.S. pilots were laid off, and many more took early retirement. Despite subsequent hiring by a few healthy carriers, including Southwest Airlines, thousands haven't been able to find new flying jobs at their old pay grades.
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