oh my... that's excellent news!
EDIT: The
oneworld website confirms it:
http://www.oneworld.com/ow/news/details?objectID=20873
Kingfisher Airlines today applied to India's Ministry of Civil Aviation for authority to proceed with its membership of oneworld.
A target date for Kingfisher Airlines to join the alliance will be confirmed once this approval is gained. The process to bring any airline on board normally takes around 18 months to complete, so Kingfisher Airlines could be expected to start flying as part of oneworld during 2011.
Apparently, BA is the sponsor.