Airlines of India - Anyone use Kingfisher to MR on CO?

Given that IT is in lots of financial trouble, and the fact that virtually all IT fares earn EQMs on CO, AND the optiontown upgrade scheme, anyone use IT to do F class MRs for CO? Sounds like an interesting possibility, especially now that CO is joining *A.

I thot IT gave EQM on the erstwhile NW. It seems to be a DL partner but no EQM's