SAO PAULO, Oct 28 (Reuters) - Azul ( AZUL ) has reached

a deal with its existing group of bondholders to obtain

additional financing, the Brazilian airline said on Monday, as

part of restructuring it expects to ease market concerns about

its high debt load.

Under the deal, the carrier said in a securities filing,

Azul ( AZUL ) will receive $150 million this week and another $250

million by year-end, totaling the $400 million it had been

targeting.

The agreement, Azul ( AZUL ) added, may include another $100 million

in financing and a potential debt-for-equity swap of as much as

$800 million if the company manages to further improve its cash

flow, reducing costs by around $100 million per year.