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I think the changes to Airpoints last year are largely positive. I posted a summary (either here and/or on flyertalk). However, still waiting on some clarifications and expecting a few more changes with the new long haul product out mid this year.
NZ Airpoints is now quite attractive if you
a) fly premium class a lot (much higher earning and easier to get status)
b) have difficulty getting awards - now any seat can be purchased with airbucks (airpoints dollars)
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