Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 380

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 380
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      US$       ( 1,175      US$       336  

25. Commitments and contingencies

Aircraft-related commitments and financing arrangements

Committed expenditures for aircraft purchase and related flight
equipment related to the Airbus purchase agreement, including estimated amounts for contractual price escalations and pre-delivery payments,
will be as follows:

  Schedule of commitment expenditures                                                                            
                                           Commitment expenditures in thousands of U. S. dollars                 
  2025                                     US$                                                           39,460  
  2026                                                                                                  472,619  
  2027                                                                                                  593,684  
  2028                                                                                                1,137,129  
  2029 and thereafter                                                                                 4,290,736  
  Total committed expenditures             US$                                                        6,533,628  

All aircraft acquired by the Company through the Airbus purchase
agreement through December 31, 2024 have been executed through sale and leaseback transactions.

In addition, we have commitments to execute sale and leaseback
over the next two years. The estimated proceeds from these commitments are as follows:

  Schedule of aircraft sale prices estimated                                                                                 
                                                  Aircraft sale prices estimated in thousands of U. S. dollars               
                                        2025      US$                                                               767,500  
                                        2026                                                                        112,500  
                                                  US$                                                               880,000  

For future aircraft deliveries, the Company will review the
lease and financing structure applicable based on then-current market conditions.

The future lease payments for these non-cancellable sale and
leaseback contracts are as follows:

  Schedule of future lease payments for non-cancellable sale and leaseback contracts                                                                  
                                                                                          Aircraft leases in thousands of U. S. dollars               
                                                                                2025      US$                                                 25,096  
                                                                                2026                                                          56,634  
                                                                                2027                                                          59,140  
                                                                                2028                                                          59,140  
                                                                 2029 and thereafter                                                         509,673  
                                                                                          US$                                                709,683  

Purchase of additional A320 New Engine Option (“ NEO”)
family aircraft

On December 28, 2017, the Company amended the agreement
with Airbus, S. A. S. (“ Airbus”) for the purchase of80additional A320NEO family aircraft to be delivered from 2022 to 2026,
which was further amended in July 2020 to reschedule the deliveries between 2023 and 2028. Additionally, in November 202