Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 155

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 155
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iple.

A facility agreement with Oriental Leasing 6 Company Limited,
Oriental Leasing 26 Company Limited and Oriental Leasing 36 Company Limited, was signed on July 27, 2022, to provide financing for pre-delivery
payments in connection with our purchase of the A320 family aircraft. The aggregate principal amount of this facility is for up to U. S.
$123.0 million with an annual interest of SOFR plus a spread of 200 basis points, along with a SOFR adjustment. The maturity is upon delivery
of the last financed aircraft thereunder. For this purpose, we created the Trust 3921 for Oriental Leasing 6 Company Limited, Oriental
Leasing 26 Company Limited and Oriental Leasing 36 Company Limited with CIBanco, S. A. Institución de Banca Múltiple.

A pre-delivery payment facility with Runway Eleven LLC, was
signed on December 19, 2024, to provide financing for pre-delivery payments in connection with our purchase of A320 family aircraft. For
purposes of financing these pre-delivery payments, we assigned its rights and obligations under the purchase agreement with Airbus, including
its obligations to make pre-delivery payments to a private company limited by shares incorporated in Ireland. The “ Runway
Eleven LLC” pre-delivery payments facility does not include financial covenants or obligations.

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In December 2021, we renewed the working capital facility
with Banco Sabadell S. A., Institución de Banca Multiple (“ Sabadell”) in Mexican pesos with an annual interest rate
of TIIE 28 days plus a spread of 240 basis points. As of December 2023, this facility has expired.

In December 2022, we signed a working capital facility with
Actinver (“ Actinver”) in Mexican pesos, with an annual interest rate of TIIE 28 days plus a spread of 250 basis points. As
of December 2024, this facility has expired.

On June 20, 2019, our subsidiary Volaris Opco issued 15,000,000
asset-backed trust notes under the ticker VOLARCB 19 in the amount of Ps.1.5 billion (U. S. $74 million as of December 31, 2024, based
on an exchange rate of Ps.20.27 to U. S. $1) through Ir