From now until May 31, 2010 if you gift miles your recipient will receive a 100% bonus.  The catch is that you have to pay $.01 for every mile you share + a $30 transaction fee.  But if you transfer the maximum of 50,000 miles to an account you will have a 100,000 miles at a cost of $530.  Not a bad price for an international business class ticket.

Details

Not using your miles or have some extra to spare? Share them with someone special and share the joy of award travel. And, when you share miles today, we’ll double them. So if you share 10,000 miles, your friend or family member will get 20,000 instead. Your present will be twice as nice.

It’s easy. Simply share miles between April 1 and May 31, 2010 and your loved one will automatically earn double the miles you share – up to 50,000 bonus miles.

How To Register

You can register on via this link.

Bottom Line

This promotion is not for everyone.  Most people don’t have 50,000 US Airways miles lying around.  But you can still find value.  Lets say you only have 25k miles available to “share”.  Share those miles to a friend’s account at a cost of $280 (25,000*.01+30), and you’ll end up with 50,000 miles in the account.  Then transfer those 50,000 miles back into your account at a cost of $530 to get you up to your 100,000 miles for a total cost of $810 (530+280).  Now you have an international business ticket for the price of a regular coach ticket.

Terms and Conditions

Offer valid April 1 – May 31, 2010. This bonus is only applicable for Share Miles, the bonus does not include Buy or Gift Miles transactions. Bonus amounts will be awarded upon completion of the transaction. Only the Dividend Member receiving the shared miles will receive the bonus miles. Only the first 50,000 miles shared will qualify for the double miles bonus (additional shared miles will not be eligible for a bonus). Offer is subject to change. Miles purchased through Buy, Share or Gift Miles do not count towards Dividend Miles Preferred status. Share Miles transactions are non-refundable. All other Dividend Miles Terms and Conditions apply.