Brazil's fourth-largest airline, Avianca Brasil, has been in talks for a much-needed cash injection since before it filed for bankruptcy on Monday, German Efromovich, whose family controls the carrier, told Reuters.

Troubled low-cost African carrier Fastjet Plc said on Thursday it had enough cash to operate until Dec. 21 and that it had met the conditions for an open offer and equity refinancing to raise funds.

A Brazilian bankruptcy judge said on Thursday that airline Avianca Brasil can keep its leased aircraft for 30 days, marking a loss for leasing companies that had sought to repossess planes and obtained initial victories.

Troubled low-cost African carrier Fastjet Plc said on Thursday it had enough cash to operate for just over another week, after its open offer and equity refinancing conditions were satisfied.

Bolivian-born airline investor German Efromovich, whose holding company controls Avianca Holdings and Avianca Brasil, told Reuters on Thursday that he is in talks with unidentified funds to inject cash into his struggling Brazil-based carrier.

Saudi Arabian conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) has begun canvassing creditor support for its bid to become the first company to achieve a settlement under the kingdom's new bankruptcy law, a senior executive said.

Asia's largest listed aircraft lessor, BOC Aviation, said late on Wednesday it had repossessed two Airbus A320 planes from Brazil's fourth-largest airline, Avianca Brasil, days before it filed for bankruptcy protection.

Here are some factors that may affect Middle East stock markets on Thursday. Reuters has not verified the press reports and does not vouch for their accuracy.

United Airlines Chief Executive Officer Oscar Munoz said on Wednesday he was "not concerned" the bankruptcy filing of Avianca Brasil would hurt the No. 3 U.S. carrier's joint venture with related airline Colombia's Avianca Holdings.

Oilfield services provider Parker Drilling Co said it filed for bankruptcy protection on Wednesday under an agreement with a group of debtors that will allow it to quickly restructure.