Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 358

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 358
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derick, a
member of our board of directors, was appointed by Franke Family Joule, LLC, as a member of the board of directors of CleanJoule. CleanJoule
is a company that produces high-performance and cost-effective Sustainable Aviation Fuel from agricultural waste and organic residues.
The Company directly purchased common stock of CleanJoule, recognizing320,000common stock shares amounting to US$4,000.

m) Volantio, Inc. (“ Volantio”)

Volantio is considered a related party because Mr. William
Dean Donovan, an independent member of our Board of Directors, also serves in Volantio’s Board of Directors as of August 13, 2024.
Volantio provides customer support services to the Company.

As of December 31, 2024, the Company’s account payable
with Volantio was US$80.

During the year ended December 31, 2024, Volantio recognized
expenses of US$420.

n) Directors and officers

During the years ended December 31, 2024 and 2023, the chairman
and the independent members of the Company’s board of directors received a net compensation of US$414and US$696, respectively,
and the rest of the directors received a net compensation of US$116and US$242, respectively.

During the years ended December 31, 2024 and 2023, the amount
paid to the chairman and independent members in-kind through the Company’s shares totaled US$788and US$305, respectively.

During the years ended December
31, 2024, 2023 and 2022, all the Company’s senior managers received an aggregate compensation for short-term benefits of
US$15,157, US$13,845 and US$11,679,
respectively, as well as long-term benefits of US$6,508, US$ 5,689 5,951

During the years ended December 31, 2024, 2023 and 2022, the
cost of share-based payments MIP transactions was US$6,309, US$6,048and US$5,074, respectively. The benefit of the cash-settled payments
MIP II was US$1,131, US$119and US$4,365, respectively. (Note 18).

The Company has a short-term benefit plan to certain personnel
whereby cash bonuses are awarded for