Originally Posted by
SWBKCB
You can codeshare without coming a member but there will be hoops to be jumped through (I think SkyTeam have announced that they aren't accepting anybody else anyway).
Also, didn't VS lose on mk 1, and are no longer involved?
Yes.
To operate a codeshare flight you have to be fully safety audited and have customer service standard equal to or great than the company whose code you wish to use.
Very tough. On domestic UK flights BMI got circa £50 pp for codeshare pax, one of reasons they went under.