Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 354

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 354
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  Related party transactions                                            Country of origin      2024      2023         2022  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Mijares, Angoitia, Cortés y Fuentes, S. C.                                                                                
  Professional fees                                                     Mexico                 196       225           196  
  Chevez, Ruiz, Zamarripa y Cía, S. C.                                                                                      
  Professional fees                                                     Mexico                 192       1,175         923  
  Grupo Aeroportuario del Centro Norte, S. A. B. de C. V. (“ OMA”)                                                          
  Airport services                                                      Mexico                 —         12,263      9,792  
  Servprot, S. A. de C. V.                                                                                                  
  Security services                                                     Mexico                 —         115           207  
  Aeromantenimiento, S. A.                                                                                                  
  Aircraft maintenance                                                  El Salvador            —         —           3,690  
  Technical support                                                     El Salvador            —         —             170  

  (1)      Includes amounts as part of major maintenance.  

  Frontier Airlines Inc. (“ Frontier”)  

Frontier is considered a related party because Brian H. Franke
and Andrew Broderick serve as members of both the Company’s board of directors and Frontier’s board of directors. They are
also managing directors of Indigo Partners, which has investments in both Companies.

As of December 31, 2024, the account receivable was US$2,161.
As of December 31, 2023, the Company did not have outstanding balance due to Frontier. As of December 31, 2024 and 2023, the account payable
was US$662and US$1,918, respectively.

During the year ended December 31, 2024, the Company recognized
revenue under this agreement of US$5,478. During the year ended December 31, 2023, the Company did not have revenue transactions. During
the year ended December 31, 2022, the Company recognized revenue under this agreement of US$5.

  Servprot S. A. de C. V. (“ Servprot”)  

Servprot was a related party until June 13, 2023, because
Enrique Beltranena Mejicano, the Company’s Chief Executive Officer and director, was shareholder of such Company