Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 151

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 151
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 and future operations. Net cash flows provided by operating activities amounted to U. S. $1,089.7 million in 2024
and U. S. $729.8 million in 2023. This increase was primarily attributable to higher net income and improved cash flows related to
other accounts recoverable, prepaid expenses, guarantee deposits and liabilities.

Net
cash flows used in investing activities. During 2024, our net cash flows used in investing activities totaled U. S. $472.5 million.
This primarily reflected acquisitions of rotable spare parts, furniture, and equipment amounting to U. S. $583.1 million, which included
investments of U. S. $129.0 million in major maintenance events, U. S. $218.8 million in rotable spare parts, and U. S. $235.3 million in
aircraft pre-delivery payments. Additionally, we invested U. S. $17.6 million in intangible assets and U. S. $31.8 million in other investments.
These outflows were partially offset by U. S. $160.0 million in reimbursements of pre-delivery payments.

During 2023, our net cash flows used in investing activities
totaled U. S. $462.0 million. This primarily consisted of acquisitions of rotable spare parts, furniture, and equipment of: (i) U. S. $480.8
million (which included investments of U. S. $147.7 million in major maintenance events, U. S. $102.7 million in rotable spare parts and
U. S. $230.4 million in aircraft pre-delivery payments), (ii) U. S. $10.4 million in intangible assets acquisitions and (iii) U. S.$17.0
million in other investments. These investments were partially offset by pre-delivery payment reimbursements of U. S. $45.1 million and
other minor proceeds of U. S. $1.1 million.

During 2022, net cash flows used in investing activities totaled
U. S. $130.7 million, which consisted primarily of acquisitions of rotable spare parts, furniture and equipment totaling U. S. $347.1 million,
including (i) U. S. $180.5 million in acquisitions of rotable spare parts and major maintenance cost and (ii) U. S. $166.6 million in aircraft
pre