Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 173

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 173
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. in Accounting Sciences from the Université du Québec.

Activities of Senior Management

Our chief executive officer and members of our senior management
( directivos relevantes) are required to focus their activities on creating value and could be liable for damages to the company
for:

  favoring a shareholder or group of shareholders;  

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  approving transactions between the company (or its subsidiaries) with related persons without satisfying legal requirements, such  

  using (or authorizing a third party to use) our assets in a manner that is against our policies;  

  making inappropriate use of our non-public information;  

  taking advantage of corporate opportunities or consulting a third party to take advantage of corporate opportunities without approval  

  knowingly disclosing or revealing false or misleading information or omitting the disclosure of material information;  

  ordering that transactions undertaken be omitted from registration;  

  destroying or modifying company results or information; or  

  filing false or misleading information with the CNBV.  

Our chief executive officer is responsible, among other things,
for:

  implementing the instructions established at our shareholders’ meeting and that of our board of directors;  

  submitting to the board of directors for approval the principal strategies for the business;  

  submitting to the audit committee proposals for our internal control system;  

  disclosing all material information to the public;  

  complying with applicable law in connection with share repurchases and subsequent purchases;  

  complying with applicable law in respect of dividend payments; and  

  maintaining adequate accounting and registration internal control systems and mechanisms.  

  Compensation  

Director and Executive Compensation

In 2022, 2023, and 2024, the senior management positions listed
in this annual report received an aggregate compensation for short-term of U. S. $4.9 million, U. S. $5.9 million, and U. S. $6.5 million,
respectively as well as long-term of U. S. $4.4 million, U. S. $4.2 million, and U. S. $4.2 million, respectively.

In 2022, 2023, and 2024 all our senior management positions
received an aggregate compensation for short-term benefits of U. S. $11.7 million, U. S. $13.8 million, and U. S. $15.2 million, respectively
as well as long-term of U. S. $6.0 million, U. S. $