Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 42

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 3
Chunk 42
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 our business. If ASA, GAFSACOMM or our other fuel providers terminate
their agreements with us, are unwilling to renew them upon termination or are unable or unwilling to cover our fuel needs, we would have
to seek alternative fuel sources. We cannot assure you that we will be able to find other fuel providers or whether we will be able to
find one that provides fuel in such a cost-effective manner as our current agreements. Failure to renew agreements or to source fuel from
alternate sources will materially and adversely affect our business, results of operations and financial condition.

One of the elements of our business strategy is to save costs
by operating an aircraft fleet consisting solely of Airbus A319, A320 and A321 aircraft, narrow body aircraft, powered by engines manufactured
by IAE, and P& W.

We currently intend to continue to rely exclusively on these
aircraft and engine manufacturers for the foreseeable future.

Additionally, continuing global supply chain challenges, prior
lockdown measures in China which slowed down the freight market, the invasion of Ukraine which resulted in international sanctions impacting
a portion of the supply chain and potentially the Middle East conflict, among others, have caused and continues to cause shortages to
the aircraft and engine manufactures, and as a result may impact our ability to receive aircraft and engines as planned. Our growth plans
and operations could be materially affected as a result of the delays caused by shortages.

Furthermore, if any of Airbus, IAE or P& W is unable to
perform its contractual obligations, or if we are unable to acquire or lease aircraft or engines or spare parts from other owners, operators
or lessors on acceptable terms, we would have to find other suppliers for a similar type of aircraft, engine or spare parts. If we have
to lease or purchase aircraft from another supplier, we would lose the significant benefits we derive from our current single fleet composition.
We may also incur substantial transition costs, including costs associated with retraining our employees, replacing our manuals and adapting
our facilities and maintenance programs. Our operations could also be materially affected by the failure or inability of aircraft, engine
and parts suppliers to provide sufficient spare parts or related support services on a timely basis.

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Any real or perceived problem with the Airbus A320 family aircraft or IAE
and P& W engines could adversely affect our operations.

We operate a uniform fleet of Airbus A319, A320 and A321 aircraft,
which belong to the Airbus A320 family aircraft. Our