According to the Dutch aviation news website Luchtvaartnieuws.nl , kingfisher is working on a partnership with the KLM.
A spokesperson for KLM said that KLM/Air France is talking with Kingfisher about developing the existing cooperation. At this time, KLM passengers that arrive in India has the possibility to transfer to Kingfisher flights.
Kingfisher might be joining SkyTeam, the alliance which includes Air France-KLM. SkyTeam has repeatedly said that the an Indian partner is more than welcome. A bilateral agreement between KLM and Kingfisher in the run-up to joining SkyTeam would be a possiblity.