Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 183

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 183
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 the completion of our initial public offering, our principal
shareholders are entitled to certain demand and short-form registration rights. The holders of at least a majority of the shares (and/or
CPOs having such shares as underlying securities) subject to the registration rights can, on not more than two occasions, request that
we register all or a portion of their shares (and/or CPOs having such shares as underlying securities) under the Securities Act.

In addition, since our initial public offering, these holders
became entitled to certain short-form registration rights. The holders of shares (and/or CPOs having such shares as underlying securities)
with a proposed aggregate offering price of at least U. S. $20 million at the time of the request may make a written request that we register
their shares (and/or CPOs having such shares as underlying securities) on a short form registration, if we are eligible to file a registration
statement on Form F-3. These holders may make an unlimited number of requests for registration on Form F-3. However, we will not be required
to effect a demand or short-form registration within 90 days after the effective date of a previous demand or short-form registration.

Moreover, once every 12 months, we may postpone for up to
six months the filing or the effectiveness of a registration statement for a demand or a short-form registration, if our board of directors
determines that such registration would have a material adverse effect on any of our proposals or plans to engage in any acquisitions
of assets, merger, consolidation, tender offer or any other material transaction.

Piggyback Registration Rights

In the event that we propose to register any of our securities
under the Securities Act, our principal shareholders will be entitled to certain “piggyback” registration rights allowing
the holder to include their shares (and/or CPOs having such shares as underlying securities) in such registration, subject to certain
marketing and other limitations. As a result, whenever we propose to file a registration statement under the Securities Act (pursuant
to a demand or short-form registration, or pursuant to a registration on Form F-4 or F-8 or any successor or similar forms), our
current principal shareholders holding these shares (and/or CPOs having such shares as underlying securities) are entitled to notice of
the registration and have the right, subject to limitations that the underwriters may impose on the number of shares (and/or CPOs having
such shares