Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 60

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 3
Chunk 60
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 Based on the market price of our
ADSs and the composition of our income, assets and operations, we do not believe that we were classified as a PFIC for the taxable year
ended December 31, 2024. However, this is a factual determination that must be made annually after the close of each taxable year. Therefore,
there can be no assurance that we will not be classified as a PFIC for the current taxable year or for any future taxable year. Certain
adverse U. S. federal income tax consequences could apply to a U. S. Holder (as discussed in more detail in “ Taxation - Material
U. S. Federal Income Tax Consequences”) if we are treated as a PFIC for any taxable year during which a U. S. Holder holds our ADSs.

ITEM 4 INFORMATION ON THE COMPANY