Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 364

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 364
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                                          Years       2024                 2023      2024                          2024                     2023               
  Software                                1 – 4       US$                  US$       US$                           US$                      US$        16,219  
  Balance as of January 1, 2023                                                                                                             US$        12,725  
  Additions                                                                                                                                            10,387  
  Amortization                                                                                                                                        ( 6,895  
  Exchange differences                                                                                                                                      2  
  Balance as of December 31, 2023                                                                                                                      16,219  
  Additions                                                                                                                                            17,598  
  Amortization                                                                                                                                        ( 7,849  
  Exchange differences                                                                                                                                   ( 11  
  Balance as of December 31, 2024                                                                                                           US$        25,957  

Software amortization expense for the years ended December
31, 2024, 2023 and 2022 was US$7,849, US$6,895and US$6,696, respectively. These amounts were recognized in depreciation and amortization
caption on the consolidated statements of operations.

14. Leases

As of December 31, 2024 and 2023, the most significant leases
are as follows:

Aircraft and engines represent the Company’s most significant
lease agreements. On December 31, 2024, the Company leases141aircraft (129as of December 31, 2023) and18spare engines (20as of December 31, 2023)
that have maximum terms through 2036. The leases are generally guaranteed by either deposit in cash or letters of credit.

Composition of the fleet and spare engines, leases(1):

  Schedule of composition of the fleet and spare engines, leases                                                                 
  Aircraft Type                                                       Model      At December 31, 2024      At December 31, 2023  
  A319                                                                132                           1                         3  
  A320                                                                233                          40                        39  
  A320                                                                232                           4                         1  
  A320NEO                                                             271N                         53                        51  
  A321                                                                231                          10                        10  
  A321NEO                                                             271N                         33                        25  
                                                                                                  141                       129  

  Engine spare Type      Model           At December31, 2024      At December 31, 2023