Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 182

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 182
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 de Iturbide Gutiérrez      Chief Legal Officer                                                        410,137  
  Jimmy Zadigue                             Senior Corporate Audit Services and Risk Assessment Director               126,823  

  Shares owned through CPOs or ADSs.  

This share ownership represents less than 2.7% of our shares.
No other director or member of senior management owns any of our capital stock as of the date of this annual report. Except for the management
incentive plan disclosed in this annual report, we have no arrangements for the issuing or granting of our options, shares or securities
to our employees, nor do we have any other arrangement for involving our employees in our capital.

Securities Held in Host Country

As of December 31, 2024, 79,612,373 ADSs (equivalent to 796,123,730
shares, or 68.3% of the total outstanding shares of our common stock) were outstanding and held of record by 23 registered shareholders
of depositary receipts. We are aware that many ADSs are held of record by brokers and other nominees, and accordingly the above numbers
are not necessarily representative of the actual number of U. S. persons who are beneficial holders of ADSs or the number of ADSs beneficially
held by such persons.

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  Table of Contents  

Registration Rights

We have granted the registration rights described below to
our principal shareholders, to register shares of capital stock (and/or CPOs having such shares as underlying securities) owned by each
of them after our initial public offering with SEC under the Securities Act, pursuant to the terms of a registration rights agreement
filed as Exhibit 4.7 to our registration statement on Form F-1 field with the SEC on September 16, 2013 (the “ Registration Rights
Agreement”). No registration rights were granted to our principal shareholders in respect of the registration of our shares with
the RNV maintained by the CNBV, because all of our Series A shares were registered thereat concurrently with our initial public offering,
and such registration will be updated, from time to time, as required under applicable Mexican law.

The following description of the terms of the Registration
Rights Agreement is intended as a summary only and is qualified in its entirety by reference to the copy filed asExhibit
4.7 to our registration statement on Form F-1 field with the SEC on September 16, 2013.

Demand and Short-Form Registration Rights

Since