I did hear that after the first round of applications back in Aug that they only got 140 odd applicants and of those only a very small few (<12) had MCC or better (read ATPL).
I have over 1000 hours multi-crew experience above 5,700kg and the MCC dispensation that goes with a TR on a multi-crew aircraft. That has yielded me nix, nada, nothing from Virgin, so guessing that an ATPL is the minimum to even get a look-in for a 777 or ATR gig?