Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 101

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4
Chunk 101
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 including 44 Airbus A320neos, 101 Airbus A320s, 46 Boeing 737s, 43 Airbus A321neos and 20 Airbus A321s.

As of December 31, 2024, AFAC reports indicate that Grupo
Aeroméxico’s subsidiaries Aeroméxico and Aeroméxico Connect, had fleets of 114 and 37 aircraft, respectively,
as compared to 105 and 40, respectively, as of December 31, 2023.

In April 2023, Interjet declared bankruptcy in Mexico.

Viva, our largest competitor by domestic market share in 2024,
increased its fleet from 80 as of December 31, 2023 to 96 as of December 31, 2024, according to AFAC.

As of 2024, our international market share considering all
airlines flying internationally to and from Mexico, remained stable at 11.4%, in line with our market share as of December 2023.

Fleet

Since we began operations in March 2006,
we have increased our fleet from four to 143 aircraft (141 of them are leased, and two are owned) as of December 31, 2024.

As of December 31, 2024, we flew only Airbus A320 family aircraft,
which provides us with significant operational and cost advantages compared to airlines that operate multiple fleet types. The Airbus
A320 family is based on a common aircraft type with the same cabin cross-section, and virtually the same systems, cockpit controls, operating
and maintenance procedures, and pilot type rating. The Airbus A320 family aircraft are fuel efficient and allow flight crews to be interchangeable
across all of our aircraft while decreasing training, maintenance, spare parts inventory and other operational costs. Due to the commonality
among the Airbus A320 family, we can retain the benefits of a fleet comprised of a single type of aircraft while still having the flexibility
to match the capacity and range of the aircraft to the demands of each of our routes.

In December 2017, we entered into an agreement with Airbus to
purchase 80 aircraft (46 A320neo and 34 A321neo), which Airbus committed to deliver between 2022 and 2026. Under such agreement, we agreed
to make pre-delivery payments, which shall be calculated based on the reference price of each aircraft following a formula established
for such purpose in the agreement.

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