Didn't we go round and round through this "Kingfisher's imminent demise" saga several months ago ?
Well yes we did. I was travelling in March on BA out to India, thence on an internal connector where BA were using Kingfisher at the time, and there were daily stories about how the next day or so would be the last, which gave all sorts of concerns for the arrangements. In the end BA finally pulled the plug on their interlining and set up a whole new set of connections on Jet Airways.
When we got to Chennai the only sign of Kingfisher was one A320 pushed out into the weeds, plus all their closed counters etc in the domestic terminal, no flights on the board, but we commented on the number of personnel still around wearing Kingfisher uniforms (even in the middle of the night) for such an otherwise disappeared operator. The Kingfisher "Exec Lounge" (the only one in the domestic terminal we could see) was actually operating all night, it was completely empty but for an admission fee (as we weren't booked on them) and European-priced coffee it was was very welcome for a few hours.
Now, several months on, we still seem to have the same story.