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Are you sure you're really looking at the real value?
I've just been across to the FT site & there's not much talk there yet. I went to the Air NZ website & the FAQ's are excellent.
Think about the fact that any seat can be purchased with the Air Dollars (AIRBUCKS as one FT'er put it). There are no blackouts, no restricted seats.
You can use the AIRBUCKS across the *A (with a small handling fee). I'm almost in a mind to pay the $50 NZ and join. All I have to figure out is if I can wangle a txfr of my UA & SIA points. I don't even mind losing points in the changeover.
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