Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 348

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 348
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 amount is part of a program approved by the Mexican National Banking and
Securities Commission (Comisión Nacional Bancaria y de Valores) for an amount of up to Ps. 3.0 billion Mexican pesos (US$148million
based on an exchange rate of Ps. 20.27to US$1on December 31, 2024).

The notes had a five-yearmaturity annual reduction of
Ps. 250,000, Ps. 500,000, Ps. 500,000and Ps. 250,000(US$12.3million, US$24.7million, US$24.7million and US$12.3million, based on an
exchange rate of Ps. 20.27to US$1as of December 31, 2024) in 2021, 2022, 2023 and 2024, respectively, with a floating one-month coupon
rate referenced to TIIE 28 plus175basis point spread. The notes started amortizing at the end of the second year.

The asset-backed trust notes under the ticker VOLARCB19 were
fully amortized on June 20, 2024.

On October 13, 2021, the Company, through its subsidiary Concesionaria
issued in the Mexico market a second issuance of15,000,000asset-backed trust notes (“ CEBUR”) under the ticket VOLARCB21L
for Ps. 1.5billion Mexican pesos (US$74million, based on an exchange rate of Ps. 20.27to US$1on December 31, 2024) through the
Fideicomiso Irrevocable de Administración número CIB/3249 created by Concesionaria. The issuance amount is part of a program
approved by the Mexican National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) for an amount of up
to Ps. 3.0 billion Mexican pesos (US$148million, based on an exchange rate of Ps. 20.27to US$1on December 31, 2024). With this second
issuance, the total amount approved for the program had been reached.

The Trust Notes comply with the Sustainability-Linked Bond
Principles 2020, administered by the International Capital Market Association (ICMA). The Sustainability Objectives (SPT) for the KPI
are to reduce carbon dioxide emissions measured