I have searched and searched to find more info on VALUE ALLIANCE.

Formed in the past summer with the LCC's of major airlines in the STAR ALLIANCE I am trying to find which benefits are interchangeable between itineraries incl both alliances's carriers.

I have read the initial statement but I cannot find more info after searching this whole site.

Help would be appreciated.

Furthermore doesn't this subject deserve its own listing under "Airline Alliances"? There is also the Hong Kong Airlines alliance of other LCCs.