Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 300

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 300
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 2022, 2023 and 2024, respectively, compared to 2015. Said offering incentivizes the Company
to accomplish its long-term sustainable goals, among which are to reduce CO2 emissions by35.42% gCO2 / RPK by 2030 vs 2015. The Trust
Notes have a maturity of five yearsand will pay an interest rate of Tasa de Interes Interbancaria de Equilibrio (“ TIIE”)
28 plus200basis points.

On September 28, 2023, “ Concesionaria” completed
the offering of15,000,000(fifteen million) asset-backed trust notes (Certificados Bursátiles Fiduciarios) (the “ Trust
Notes”) in Mexico under the ticker VOLARCB 23 for an amount of Ps. 1.5billion Mexican pesos (US$85.8million, based on an exchange
rate of Ps.17.47 to US$1on September 28, 2023) by CIBanco, S. A., Institución de Banca Múltiple, acting as Trustee of the
Irrevocable Trust number CIB/3249 created by Concesionaria Vuela Compañía de Aviación, S. A. P. I. de C. V., in the third
offering under the program authorized and enlarged by the Mexican National Banking and Securities Commission for an amount of up to Ps. 5.0
billion Mexican pesos (US$286.2million, based on an exchange rate of Ps.17.47 to US$1on September 28, 2023). The Trust Notes will be
backed by future collection rights under agreements entered into with credit card processors regarding flows derived from the sale of
airline tickets and other related services through VISA and Mastercard credit cards, through their internet portal, travel agencies, call
centers and sales offices. The Trust Notes have a maturity term of five yearsand will pay an interest rate
of TIIE 28 215. The underwriters were Casa de Bolsa BBVA México, S. A. de C. V., Grupo Financiero
BBVA México and Actinver Casa de Bolsa, S. A. de C. V., Grupo Financiero Actinver.

On November 22, 2023, all holders of the57,513,873outstanding
Series B