Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 43

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 3
Chunk 43
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 aircraft also exclusively use IAE and P& W engines. Our dependence on the Airbus
A319, A320 and A321 aircraft and IAE and P& W engines makes us particularly vulnerable to any problems that might be associated with
the Airbus A320 family aircraft or engines. If any design defect or mechanical problem is discovered, or if the technology relating to
such aircraft or engine should become obsolete, our aircraft may have to be grounded while such defect or problem is corrected, assuming
it could be corrected at all. Any such defect or problem may also result in aviation authorities in Mexico and the United States implementing
certain airworthiness directives which may require substantial cost to comply with. Further, our operations could be materially adversely
affected if passengers avoid flying with us as a result of an adverse perception of the Airbus A320 family aircraft or IAE and P& W
engines due to real or perceived safety concerns or other problems. Since 2017, P& W’s GTF engines have experienced technical
and production issues worldwide. As a result, several A320neo operators, including us, have reportedly caused their aircraft to be inoperative
for long periods of time. This problem has also resulted in the delay of delivery of our A320 and A321neo aircraft. We cannot assure you
when such problems will be resolved by P& W.

Since the third quarter of 2023, we are subject to the removal
of certain GTF P& W engines for preventive accelerated inspections. Consequently, the Company’s GTF engines are being reviewed
to ensure compliance with these requirements. The Company currently expects each removed engine to take approximately 365 days to complete
a shop visit and return to a serviceable condition and expects the number of service aircraft to rise during 2024, 2025 and 2026. The
engine removals, including but not limited to a reduction in capacity, could adversely impact our future operations and financial results.

We are vulnerable to cyberattacks and other cyber-incidents involving our
IT Systems and Confidential Information that could materially impact our business, results of operations, and financial condition.

We rely on computer systems, hardware, software, technology
infrastructure and online sites and networks for both internal and external operations that are critical to our business (collectively,
“ IT Systems”). We own and manage some of these IT Systems but also rely on third parties for a range of IT Systems and related
products and services. We and certain of our third-party service providers collect, maintain