Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 62

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4
Chunk 62
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000,000 CPOs in
the form of ADSs at a price to the public of U. S. $11.25 per ADS in the United States and other countries outside of Mexico. In connection
with that offering, the underwriters also exercised their option in full to purchase 20,100,000 additional CPOs in the form of ADSs, for
a total offering of 154,100,000 CPOs in the form of ADSs.

Overview

We are a ULCC incorporated under the laws of Mexico. Our primary
corporate offices and headquarters are located in Mexico City at Av. Antonio Dovalí Jaime No. 70, 13th Floor, Tower B, Colonia
Zedec Santa Fe, Mexico City, Mexico, zip code 01210. Our agent in the United States is Puglisi & Associates, located at 850 Library
Avenue, Suite 204, Newark, Delaware 19711. Our telephone number is +52-55-5261-6400.

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  Table of Contents  

Since we began operations in 2006, we have increased our routes
from five to more than 250 and grown our cost-efficient Airbus A320 family aircraft from four to 143 as of December 31, 2024. We currently
operate up to 550 average daily flight segments on routes that connect 44 cities in Mexico, 23 cities in the United States, four cities
in Central America and two cities in South America.

We have substantial market presence in the top airports in
Mexico (based on number of passengers): Cancun, Guadalajara, Mexico City, and Tijuana. The main U. S. cities we currently serve are home
to some of the most populous Mexican communities in the United States based on data from the Pew Hispanic Research Center.

Additionally, our operating subsidiary in Costa Rica, Vuela
Aviación, began operations on December 1, 2016, and our operating subsidiary in El Salvador, Vuela El Salvador, began operations
on September 15, 2021. We seek to replicate our ultra-low-cost model in Central and South America by offering low base fares and point-to-point
service in the region.

In addition, on January 16, 2018, we signed a codeshare agreement
with U. S. ULCC Frontier, which started operations on August 23, 2018. We expect this agreement and collaboration,