Exactly. It isn't like we are creditors that they will owe something to. If VX were going to pull the plug (and it is not) an FF program wouldn't even be a consideration.

As for the comments about Elevate being "fake", I think that is an irresponsible thing to say. We have no inside information about what's happening at Virgin so it's useless to speculate. But I will do so anyway: I think it is taking longer than they anticipated to get the redemption deals in place. Also David Cush has stated that VX is working to line up about a dozen high quality, non-aligned international airline partners (think Emirates) by the end of the year.

Elevate is far from dead.