Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 108

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4
Chunk 108
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-aviation insurance coverage that includes directors’ and officers’
liability, cyber risk liability, damage to property, vehicles value and liability, life and major medical expenses insurance for our employees.

Events
such as conflict between Russia and Ukraine, or any future aircraft emergency, accident or similar incident even if it does not involve
our airlinecould increase aircraft damage and liability premiums or reduce coverage scope. See Item 3: “ Key Information - Risk
Factors - Increases in insurance costs and/or significant reductions in coverage would harm our business, results of operations and
financial condition.”

  69  

  Table of Contents  

Corporate Sustainability Strategy

In 2024, we continue to make efforts to advance the incorporation
of our corporate sustainability strategy into business practices. The strategy is comprised of three main pillars: Environmental, Social,
and Economic and Governance, which aim to direct the efforts of the business toward a sustainable future growth while simultaneously creating
value for our stakeholders.

The Environmental pillar aims to achieve our commitments related
to emissions reduction and respond to regulatory requirements. We have taken the following initiatives:

  Through our Fuel Saving Program, we aim to optimize our jet fuel consumption and to reduce carbon emissions. We address this goal        

  We also have initiatives to reduce paper and electricity consumption, reduce waste, promote recycling, and promote efforts of voluntary  

  Moreover, in April 2023, the Company announced an investment agreement alongside Indigo Partners, GenZero, Cleanhill Partners, Frontier       
  Airlines, and Wizz Air, which aims to accelerate the production of Sustainable Aviation Fuels (SAFs) worldwide through the North American     
  CleanJoule. As a crucial means to mitigate carbon emissions in the aviation sector, SAFs offer a low-carbon alternative to conventional       
  jet fuel, derived from renewable sources like waste oils, agricultural residues, and non-food crops. Despite their potential, SAFs currently  
  lack widespread availability and cost-competitiveness to replace fossil fuels in our operations. SAFs contribute to less than 1% of global    
  commercial aviation fuel usage due to limited supply.                                                                                         
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  Additionally, we manage and improve our environmental programs through the Integrated Airline Management System, which is certified           

The Social pillar aims to strengthen our commitment to people.
This includes our employees, customers, and the communities in which we operate. Our labor practices are designed to support solid labor
relationships and