@ Draxis
I heard something on the same lines too. The recruitment is for Alliance Air and IC. They're planning on buying CRJ 700's is what I've got to hear from what I can say is a reliable source.
And the news that I've heard from the Jet Airways front is that, they've about 40 pilots on hold to get on air. But, the good news is that, they need a number higher than 40 and plan on recruiting sometime in after May or around the mid of 2010. Cheers!