Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 368

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 368
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 obligation                                        
  Assumptions                                                     Increase                                                         Decrease              
  Discount rate:                             50 basis points      US$                                                  12,111      US$           13,529  
  Statutory minimum wage increase rate:      50 basis points      US$                                                  13,038      US$           12,560  
  Salary increase rate:                      50 basis points      US$                                                  13,267      US$           12,349  

18. Share-based payments

LTRP

On November 6, 2014, the shareholders of the Company and the
shareholders of its subsidiary Servicios Corporativos approved an amendment to the current LTRP for the benefit of certain key executives,
based on the recommendations of the Board of Directors of the Company at its meetings held on July 24 and August 29, 2014. For such purposes,
on November 10, 2014, an irrevocable Administrative Trust was created by Servicios Corporativos and the key executives. The new plan was
restructured and named LTIP, which consists of a share purchase plan (equity-settled transaction) and SARs plan (cash-settled).

On October 18, 2018, the Board of Directors of the Company
approved a new long-term retention plan (“ LTRP”) for certain executives of the Company, through which the beneficiaries of
the plan will receive shares of the Company once the service conditions are met. This plan does not include cash compensations granted
through appreciation rights on the Company’s shares. The retention plans granted in previous periods under LTRP will continue in
full force and effect until their respective due dates and the cash compensation derived from them will be settled according to the conditions
established in each plan.

a) LTIP

- Share purchase plan (equity-settled)

Under the share purchase plan (equity-settled), in November
2014, certain key executives of the Company were granted with a special bonus by an amount of Ps. 10,831(US$797as of November 11, 2014
based on an exchange rate of Ps. 13.58to US$1), to be used to purchase Company’s shares. The plan consisted in:

  (i)      Servicios Corporativos, Controladora and              

  (ii)      The bonus amount by Ps. 7,059 (US$ 520 as                                                                                                   

  (iii)      Subject