Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 162

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 162
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 agreement with Airbus to purchase 80 aircraft which Airbus committed to deliver
between 2022 and 2026. In July 2020, we amended the agreement with Airbus to reschedule the delivery of 80 aircraft between 2023 and 2028.
In October 2020, we amended the agreement with Airbus to reschedule 18 fleet deliveries between 2020 and 2022, In November 2021, we entered
into a new amendment to the agreement with Airbus to purchase 39 additional aircraft which Airbus committed to deliver between 2023 and
2029. Additionally, we exercised our right under the agreement with Airbus to convert 20 A320neo aircraft into A321neo aircraft, one of
which has been delivered as of the date of this annual report. In October 2022 we entered into a new agreement with Airbus to purchase
25 additional aircraft which Airbus committed to deliver in 2030. Finally, in November 2024, we entered into an amendment to the existing
purchase agreement with Airbus to reschedule the deliveries for the 131 pending aircraft between 2025 and 2031.

  Disclosure of contractual obligations does not include obligations relating to our post-employment benefits  

In 2025, we expect our capital expenditures, net of financed pre-delivery
payments, to be U. S. $250 million, consisting primarily of aircraft parts and rotable spare parts, construction and improvements to leased
assets, and major maintenance costs (leasehold improvements to flight equipment recorded into rotable spare parts furniture and equipment,
net).

  SUPPLEMENTAL INFORMATION ON NON-GAAP MEASURES  

We evaluate our financial performance by using various financial
measures that are not performance measures under International Financial Reporting Standards (“non-IFRS measures”). These
non-IFRS measures include CASM and CASM ex-fuel.

These non-IFRS measures are provided as supplemental information
to the financial information presented in this report that is calculated and presented in accordance with IFRS because we believe that
they, in conjunction with the IFRS financial information, provide useful information to management’s, analysts and investors overall
understanding of our operating performance.

Because non-IFRS measures are not calculated in accordance
with IFRS, they should not be considered superior to and are not intended to be considered in isolation or as a substitute for the related
IFRS measures presented in this release and may not be the same as or comparable to similarly titled measures presented by other companies
due