Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 352

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 352
---
 In August, September, November and December 2024, the Company entered into                                                             
  financing agreements with Bank of Utah Corporate Trust, for the acquisition of engines. These agreements bear an annual interest rate  
  of 6.20% and mature in 2029.                                                                                                           
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  In October and November 2024, the Company entered into financing agreements                                                            
  with BOC Aviation (Ireland) Limited for the acquisition of engines. These agreements bear an annual interest rate of 6.86% and mature  
  in 2029.                                                                                                                               
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  In November 2024, the Company entered into new financing agreements with                                                                
  RRPF Engine Leasing Limited for the acquisition of engines. These agreements bear an annual interest rate of 6.80% and mature in 2032.  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

Changes in liabilities arising from financing activities

For the years ended December 31, 2024 and 2023, the changes
in liabilities from financing activities from the Company are summarized in the following table:

  Schedule of changes in liabilities from financing activities                                                                                                                                                
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                    January 1, 2024                   Net cash Flows                    Accrued           Non-current vs Current reclassification      Other  
  Current interest-bearing loans and borrowings                     US$                  220,289      US$                 ( 84,514      US$               US$                                          US$    
  Non-current interest-bearing loans and borrowings                                      432,776                           261,667                                                                            
  Total liabilities from financing activities                       US$                  653,065      US$                  177,153      US$               US$                                          US$    

                                                         January 1, 2023                   Net cash Flows                    Accrued Interest (1)      Foreign exchange movement      Non-current vs Current reclassification  
  Current interest-bearing loans and borrowings          US$                  112,148      US$                 ( 22,356      US$                       US$                            US$                                      
  Non-current interest-bearing loans and borrowings                           160,887