I got the inside scoop recently from VX at the party to celebrate the launch of SFO-PDX, without giving too much away (you can message me if you like) here's some juicy details:
VX will be changing to a status lead program, I'll leave you to imagine what colour the top two tiers will be
In short, they'll not be going down the route of United and upgrading top elites when space is available and in my opinion this is a good thing. Just fly with United in the US and you'll see why, for example, there were 42 people on standby for a first class upgrade on my flight yesterday...how many seats left available in first? 1!
It'll take some ironing out to establish what retrospective entitlements the top level of each Virgin FF program will have with each airline, so don't expect them to be recognised straight away by VX but rest assured that they will.
VX will be changing to a status lead program, I'll leave you to imagine what colour the top two tiers will be

In short, they'll not be going down the route of United and upgrading top elites when space is available and in my opinion this is a good thing. Just fly with United in the US and you'll see why, for example, there were 42 people on standby for a first class upgrade on my flight yesterday...how many seats left available in first? 1!
It'll take some ironing out to establish what retrospective entitlements the top level of each Virgin FF program will have with each airline, so don't expect them to be recognised straight away by VX but rest assured that they will.