Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 185

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 185
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 an amendment with
Aeroman and MRO Commercial, S. A. (“ MRO”), an affiliate of Aeroman, to extend the agreement until January 1, 2027 and on
January 1, 2024, we entered into a new agreement to extend the term of the agreement until December 31, 2028. The agreement provides
for the exclusive use of Aeroman’s services for the repair and maintenance of aircraft, subject to availability. Under such
agreement, Aeroman provides us with inspection, maintenance, repair and overhaul services for our aircraft. We make payments under
this agreement depending on the services performed.

As of December 31, 2022, 2023, and 2024 there are no outstanding
balances due to Aeroman under the agreement. We incurred expenses in aircraft maintenance and technical support of U. S. $3.9 million,
for the year ended December 31, 2022. During the years ended December 31, 2023 and 2024, we did not have expense transactions.

As of December 31, 2022, 2023, and 2024 the balance due to
MRO under the agreement was U. S. $1.0 thousand, U. S. $8.0 thousand, and U. S. $1.0 million, respectively.

During the year ended December 31, 2022, 2023, and 2024, we
incurred expenses with MRO of U. S. $11.1 million, U. S. $15.7 million, and U. S $21.4 million, respectively.

Mijares, Angoitia, Cortés y Fuentes, S. C. (“ MACF”)

MACF, is a related party because Mr.
Ricardo Maldonado Yañez and Mr. Eugenio Macouzet de León, independent member and alternate member, respectively, of the board
of the Company since April 2018, are partners of MACF and the firm provides legal services to us. As of December 31, 2022, 2023, and
2024, the balance due for the services received from MACF was U. S. $22.0 thousand, U. S. $105.0 thousand, and U. S. $146.0 thousand, respectively.

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During the years ended December