Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 342

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 342
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 1,435  
  Incline II B Shannon 18 Limited (PDP BBAM)                                                                                                         889                      ( 889                                          930        ( 930  
  Banco Santander México, S. A. y Banco Nacional de Comercio Exterior, S. N. C. (“ Santander-Bancomext”)                                             783                      ( 783                                          533        ( 533  
  GY Aviation Lease 1714 Co. Limited (PDP CDB)                                                                                                       651                      ( 651                                          352        ( 352  
  JSA International U. S. Holdings, LLC (PDP JSA)                                                                                                    294                      ( 294                                          288        ( 288  
  Oriental Leasing 6 Company Limited (PDP CMB)                                                                                                       834                      ( 834                                          131        ( 131  
  Total                                                                                                       US$                                  4,836      US$           ( 4,836      US$                               3,669      ( 3,669  

  (1)      Every Trust Note of (CEBUR VOLARCB19 and VOLARCB21L) issuance has a 10% CAP, and for every Trust Note of (CEBUR VOLARCB23), issuance  

Fixed-rate instruments

The Company account for some fixed-rate financial liabilities;
therefore, a change in interest rates at the reporting date would not affect profit or loss.

d) Liquidity risk

Liquidity risk represents the risk that the Company has insufficient
funds to meet its obligations. Because of the cyclical nature of the business, the operations, and its investment and financing needs
related to the acquisition of new aircraft and renewal of its fleet, the Company requires liquid funds to meet its obligations.

The Company manages its cash, cash equivalents and its financial
assets, relating the term of investments with those of its obligations. Its policy is that the average term of its investments may not
exceed the average term of its obligations. This cash and cash equivalents position is invested in highly liquid short-term instruments
through financial entities.

The Company has future obligations related to maturities of
bank borrowings, lease liabilities and derivative contracts. The Company’s exposure outside consolidated statements of financial
position represents the future obligations related to aircraft purchase contracts. The Company concluded that it has a low concentration
of risk since it has access to alternate sources of funding.

The Company has debts related to the Aircraft pre-delivery
payments, which are settled