T he deal comes as India's fourth-biggest airline by domestic market share seeks new planes and new investments to revive its fortunes after posting a record quarterly loss in November, hit by costly fuel and a weak rupee. SpiceJet's auditor said in its annual report as of March 2013 that its ability to remain a 'going concern' depended on establishing profitable operations and raising funds. Industry sources say the long-awaited fleet renewal and the search for a new investor have become intertwined, with the airline seen as potentially more attractive once it secures valuable delivery positions for the new jets from 2018 onwards. Kapil Kaul, chief Executive for South Asia at the Centre for Aviation, said that concerns remain over SpiceJet's ability to finance its operations and the aircraft purchases.. ..