I'm guessing that AIr NZ will feel totally vindicated that they made the right move given the uproar they will be reading here.
A CFO acting as CEO would do just this sort of thing
And why offer cheap upgrades when you can sell them as part of the bidding at the airport?
Airpoints wants us to use them to buy stuff at Z or Mitre 10 and be a real competitor to FlyBys, and not just be an FFP.