Got an email about this today.
"Dear Claimant:
We have received many enquiries regarding the timing for payment of refunds from the British Airways and Virgin Atlantic Airways Passenger Refund Settlement. Please note that on 21 October 2008, three Objectors appealed the Order and Final Judgment approving the Settlements. Resolution of this appeal is likely to take at least six months and could take more than a year, depending on the speed with which the appeals court decides the issue.
Payments to all claimants in the United States and the United Kingdom will be delayed until the appeal by the three Objectors is resolved.
Copies of the relevant court filings and a more detailed update can be found at
www.airpassengerrefund.co.uk on the "Reminders/Updates" page.
Kind regards,
Air Passenger Refund Settlement Fund