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Given the lack of an optical drive all of Apple's new MacBook Air and Mac mini models, the company has included a new "Internet Recovery" feature in its new operating system to reinstall Lion or initiate repairs on the latest Macs.



From AppleInsider:
Apple detailed the new feature in a support document posted on its website on Wednesday. It reveals that Lion Recovery will provide users with all of the tools they need to reinstall their operating system, or even restore from a Time Machine backup, all without the need for optical discs.

Users can access the traditional Recovery HD tool by restarting their Mac and holding down the Command and R keys until the Apple icon appears. Users are then presented with a desktop with an OS X menu bar and a "Mac OS X Utilities" application window.
  New MacBook Airs, Mac minis feature Lion Internet Recovery disc-less repair