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Is accumulated mileage usage subject to an expiry date?

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Is accumulated mileage usage subject to an expiry date?

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Airway Airlines has been offered unlimited validity of miles until now. But in order to offer a more stable mileage system, we are changing our regulations. Based on the membership status at the point of travel or accrual of miles, miles earned as a Silver/Magic Miles member will be valid for 5 years, miles earned as an elite member with Gold or higher level of membership will be valid for 7 years. The validity of on-board miles accrued are calculated based on the date of boarding and that of other miles are calculated based on the date of accrual. This regulation applies to all miles accrued October 1, 2008 and onwards and any miles unused during this period will expire. However, all miles accrued by September 30, 2008 have unlimited validity. Unlike individual members, corporate members of Airway Corporate Club may redeem miles accrued from January 1 to December 31 of the current year over a period of one year starting February 1 of the following year. Any miles unredeemed during thi

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