Goyal said he was ready to invest up to Rs 700 crore in the airline on the condition that his stake does not fall below 25 per cent. Etihad reportedly put forward strict conditions yesterday, including that Goyal should give up control, for infusing funds into the crisis-hit carrier.

The stock had gained over 22% in the last two sessions amid hopes that lenders would come up with a comprehensive plan to deal with its crippling debt crisis.

The selection will be based on short listing and interview for all the posts. For DGM and other higher level posts, there would also be a CTC negotiation round.

The airline stock which hit an intra day and a 52-week high of 876.50 on January 8, 2018 has nosedived to 246 level during the period.  On January 8 last year, the stock closed at 865.40 level.

Under this recruitment drive, Railways will select candidates for posts of Junior Engineers (Information Technology), Depot Material Superintendent (DMS), Chemical & Metallurgical Assistant (CMA).

The BJP-led NDA continues to shy away from the outright sale of bluechip state firms to the private sector in the present regime

Jet Airways strategic partner and Middle-east carrier Etihad, which holds 24 per cent stake in the Indian full-service carrier, is likely to provide a guarantee for the loan