Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 186

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 186
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31, 2022, 2023, and 2024,
we recognized expenses of legal services with MACF of U. S. $0.2 million, U. S. $0.2 million, and U. S. $ 0.2 million, respectively.

Frontier Airlines Inc. (“ Frontier”)

Frontier is considered a related party because Mr. Brian
H. Franke and Mr. Andrew Broderick serve as members of our board of directors and Frontier´s board of directors. Mr. Franke and
Mr. Broderick are also managing directors of Indigo Partners, which has investments in both companies.

As of December 31, 2022, the accounts receivable from Frontier
were U. S. $2.1 million. As of December 31, 2023, there is no outstanding balance due to Frontier under this agreement. As of December
31, 2024, the accounts receivable from Frontier were U. S. $2.2 million. Additionally, as of December 31, 2022, 2023, and 2024, the account
payable was U. S. $2.0 thousand, U. S. $1.9 million, U. S. $0.7 million, respectively.

During the years ended December 31, 2022 and 2024 we recognized
revenue under this agreement of U. S. $5.0 thousand and U. S. $5.5 million. During the year ended December 31, 2023, the Company did not
have revenue transactions.

Chevez, Ruiz, Zamarripa y Cia, S. C. (“ Chevez”)

Chevez is a related party because Mr. José Luis Fernández
Fernández is an independent member of our board of directors, as well as the chairman of our audit committee and non-managing limited
partner of Chevez. Chevez provides us with tax advisory services.

As of December 31, 2022, 2023, and 2024, the account payable
with Chevez was U. S. $0.8 million, U. S. $0.6 million, and U. S. $0.1 million, respectively.

During the years ended December 31, 2022, 2023, and 2024,
we recognized expenses with Chevez of U. S. $0.9 million, U.