Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 292

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 292
---
and engines lease return obligations we:

• for a sample of leases subject to the accrual, we compared the assumption
of projected usage included in the Company’s business plan, to the average of real usage in 2024

• for a sample of leases, we compared the estimated costs of maintenance
tasks to be performed at the return date, included in the additions to the accrual of the current year, with the updated list of prices
from manufacturers or historical payments for these types of maintenance

• for a sample of leases, we compared the actual cost of the aircraft
components and engines lease return obligation to the accrued amounts of the year and to the cost of maintenance performed to comply with
contractual redelivery conditions

• involved valuation professionals, with specialized skills and knowledge,
who assisted in the evaluation of the reasonableness of the discount rates by comparing the Company’s inputs to publicly available
data and assess the overall discount rates.

KPMG Cardenas Dosal S. C.

We have served as the Company’s auditor since 2021.

Mexico
City, Mexico

April 29, 2025

  F-3  

Report of Independent Registered Public Accounting
Firm

To the Stockholders and Board of Directors

Controladora Vuela Compañía de Aviación,
S. A. B. de C. V.:

Opinion on Internal Control Over Financial Reporting

We have audited Controladora Vuela Compañía
de Aviación, S. A. B. de C. V. and subsidiaries’ (the Company) internal control over financial reporting as of December 31,
2024, based on criteria established inInternal Control - Integrated Framework (2013)issued by the Committee of Sponsoring Organizations
of the Treadway Commission. In our opinion, the Company maintained, in all material respects, effective internal control over financial
reporting as of December 31, 2024, based on criteria established inInternal Control - Integrated Framework (2013)issued by the
Committee of Sponsoring Organizations of the Treadway Commission.

We also have audited, in accordance with the standards
of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated statements of financial position of the Company
as of December 31, 2024 and 2023, the related consolidated statements of operations, comprehensive income, changes in equity, and cash
flows for each of the years in the three-year period ended December