Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 102

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4
Chunk 102
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 of Contents  

In 2020, we amended the agreement with Airbus to reschedule
the delivery of 98 aircraft from the order placed in December 2017 and the previous order between 2020 and 2028.

In November 2021, we entered into a new amendment to the agreement
with Airbus to purchase 39 additional A320neo family aircraft which Airbus committed to deliver between 2023 and 2029. The new order includes
39 A321neo. Under such agreement, we agreed to make pre-delivery payments, which shall be calculated based on the reference price of each
aircraft following a formula established for such purpose in the agreement. In connection with this amendment, we also exercised our right
to convert 20 A320neo aircraft into A321neo aircraft, one of which has been delivered as of the date of this annual report.

In October 2022, we entered into a new amendment to the agreement
with Airbus to purchase 25 additional A320neo family aircraft which Airbus committed to deliver in 2030. The new order includes 25 A321neo.
Under such agreement, we agreed to make pre-delivery payments, which shall be calculated based on the reference price of each aircraft
following a formula established for such purpose in the agreement.

In November 2024, we entered into an amendment agreement
with Airbus to the existing purchase agreement to reschedule the deliveries for the 131 pending aircraft to be delivered between 2025
and 2031.

As
of December 31, 2024, our fleet of143 Airbus narrow-body aircraft consisted of three Airbus A319s, 97 A320s (53 of them are NEO)
and 43 A321s (33 of them are NEO). We have a young fleet with the average age of our fleet being 6.4 years as of December 31, 2024, compared
to an average of 8.7 years for the other Mexican airlines according to the AFAC. A young fleet leads to better performance reliability,
greater fuel efficiency and lower maintenance costs.

Consistent with our ULCC business model, each of our aircraft
is configured with a single-class high density seating configuration. Our Airbus A319s accommodate up to 144 passengers, our Airbus A320s
accommodate up to 186 passengers and our Airbus A321s accommodate up to 239 passengers. Each of our Airbus A320 family aircraft is equipped
with IAE or P& W engines. We have taken