Takeover bid by AdiGro Aviation fuelled a rally in the stock of Jet Airways by more than 5%. The company is an aviation arm of AdiGroup, a London-based entity.

"We are certainly putting in a bid," Group founder Sanjay Viswanathan told one of the leading online business portals.

Viswanathan added that the company has approached Etihad Airways for a possible association for turning around the beleaguered airline.

"We are very keen to work with Etihad. It's a key partner for the airline. If Etihad wants to continue with Jet Airways, we would love to partner with them to re-engineer Jet Airways," he added.

At 1043 hrs, Jet Airways was quoting Rs 155.40, up 5.28 per cent on the BSE.

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