Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 243

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 10
Chunk 243
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 and any alternative minimum tax. In addition, it does not address consequences relevant to U. S. Holders subject
to special rules under the U. S. federal income tax laws, including, without limitation:

  banks, financial institutions or insurance companies;  

  regulated investment companies, real estate investment trusts or grantor trusts;  

  dealers or traders in securities, commodities or currencies;  

  tax-exempt entities or organizations, including an “ individual      

  certain former citizens or long-term residents of the United States;  

  persons holding our ADSs as part of a straddle, hedging, constructive sale, conversion or other integrated  

  persons that actually or constructively own 10% or more of the voting power or value of our stock;  

  persons that are resident or ordinarily resident in or have a permanent establishment in a jurisdiction  

  persons subject to special tax accounting rules as a result of any item of gross income with respect to  

  persons who acquired our ADSs pursuant to the exercise of any employee share option or otherwise as compensation  

  partnerships (including entities classified as partnerships for U. S. federal income tax purposes) or other  

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For purposes of this discussion, a “ U. S. Holder” is beneficial
owner of an ADS that is, for U. S. federal income tax purposes:

  an individual who is a citizen or resident of the United States;  

  a corporation (or other entity taxable as a corporation for U. S.federal                                                             

  an estate, the income of which is subject to U. S.federal  

  a trust that (i)is subject to the primary                                                                                                   

If a partnership or an entity treated as a partnership for
U. S. federal income tax purposes holds an ADS, the tax treatment of a partner in the partnership will depend upon the status of the
partner, the activities of the partnership and certain determinations made at the partner level. Accordingly, partnerships holding our
ADSs and the partners in such partnerships should consult their tax advisors regarding the U. S. federal income tax consequences to them.

Unless otherwise indicated, this discussion assumes that we
are not, and will not become, a “passive foreign investment company,” or PFIC, for U. S. federal income tax purposes.
See the discussion below under “ - Passive Foreign Investment Company Considerations.”

The discussion below assumes that the representations contained
in the CPO trust agreement and ADS deposit agreement are true and that