This is actually a really good deal:
ANA is offering a 30% discount off the miles required when you use your ANA miles to redeem on Air New Zealand. ANA, you may remember, has a mileage-based chart that has some pretty solid redemptions on it (hello, New York – London for 63,000 miles in business class). This offer opens up another great opportunity: roundtrip tickets from LA to Auckland are just 42,000 miles in coach and 63,000 miles in business class – about half what you’d pay if you were redeeming United miles. Plus, ANA does not add ridiculous fuel surcharges to Air New Zealand ticket.
Another good opportunity is Air New Zealand’s Los Angeles – London service, which clocks in at just under 11,000 miles, meaning you can get a coach ticket for 38,500 miles or a business class ticket for 59,500 miles. A great deal.
You can transfer points into ANA from Starwood (plus that 5,000 mile bonus for transferring 20,000 points), or from Membership Rewards.
Tickets must be booked by December 15th and travel completed by December 19th. Only good on ANZ metal, and while domestic connections are included, the offer is not good on itineraries ONLY within New Zealand.